Developing countries will be invited by the Group of 20 industrialised nations to join talks aimed at stopping multinationals dodge taxes, in a bid to defuse tensions over their limited role in global tax reform.
Finance ministers meeting in Shanghai later this week are expected to endorse proposals to open up talks on stopping “base erosion and profit shifting” (BEPSeps) to all countries willing to implement them.
Pascal Saint-Amans, the top tax official at the OECD, the Paris-based club of mostly rich nations which has been drawing up the Beps reforms, said the development was likely to be “a turning point in international taxation”.
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