Bloomberg BNA Quotes Phil West on OECD's Base Erosion, Profit Shifting Project

November 7, 2013

Bloomberg BNA quoted Phil West in an article titled “Public Perception Creating Pressure for OECD’s BEPS Project, Foreign Officials Say.”  The article, published on October 29, discusses how the public perception of companies’ aggressive tax structures is creating an impetus for the Organization for Economic Cooperation and Development’s (OECD) Base Erosion and Profit Shifting project.

The project is aimed at curbing practices that allow multinational companies to use aggressive tax planning and transfer pricing schemes to shift profits from jurisdictions in which they are earned to low or no tax jurisdictions.  “Our government is looking out for the interests of American companies and we ought to be shoring up those efforts.  Focusing on what we can do to create constructive solutions so we don’t have lots of countries moving unilaterally is the best approach,” says Mr. West.

The full article can be read at Bloomberg BNA (subscription required).