Global Tax Reform Beyond BEPS - Side Event During the Meeting of the UN Committee of Experts on International Cooperation in Tax Matters

However, a succession of reports of tax dodging by multinational corporations have cast the spotlight on the need for reform of the international tax system. It has also become evident that international tax avoidance makes use of tax havens and the offshore secrecy system, which also facilitates capital flight and money laundering for criminal and terrorist purposes. The G20 gave its support to the OECD's Base Erosion and Profit Shifting (BEPS) initiative and provides a welcome opportunity for a much wider debate. While the BEPS project clearly has made progress that would have been thought of as impossible just five years ago, it has evoked additional questions on the overall fitness of the international tax framework. This side event focused on the following questions:

• Is the current international tax framework fit for the 21st century?
• What issues are central to building a fairer international corporate tax system in the interest of developing countries too?
• What is the most appropriate institutional framework to bring more inclusive participation?