"BEPS, the big challenge"

The information event "Base Erosion and Profit Shifting" (BEPS) at the SAL in Schaan focused on the major challenges for tax law practice. International tax experts explained that multinational corporations use low tax rates in countries such as Liechtenstein to avoid taxes. At the initiative of the G20, the OECD has compiled a report on BEPS and harmful tax practices in order to prevent such strategies. The report contains an extensive list of legislative measures that every country should implement. At the event, Robert Danon outlined the OECD plans and their impact on the Swiss tax system, while Christian Kaeser and Michael Lang explained the consequences for Germany and Austria. Marco Felder emphasized that Liechtenstein is lagging behind in the BEPS discussions and urgently needs to make improvements in order to avoid losing its attractiveness and possibly being forced to increase taxes.

Topics in the publication

• Base Erosion and Profit Shifting (BEPS)
• Tax rates and tax avoidance
• OECD and G20 initiatives
• Effects on various countries
• Need for reforms in Liechtenstein
• Information event