On April 29, 2015, TEI submitted comments regarding Action 12: Mandatory Disclosure Rules of the OECD’s BEPS project. The Institute recommended that the OECD adopt an objective, uniform, and limited approach to mandatory disclosure rules to limit the compliance and administrative burden on taxpayers and tax authorities alike. TEI also recommended that the OECD ensure that the benefits of an additional international mandatory disclosure regime outweigh the costs to taxpayers, among other things.
TEI’s comments were prepared under the aegis of TEI’s European Direct Tax Committee, whose chair is Nick Hasenoehrl. Benjamin R. Shreck, TEI Tax Counsel, coordinated the preparation of TEI’s comments.
Committee