BEPS and its impact on captives - Aon @ Airmic
At this years Airmic conference in Liverpool Aon hosted a session on BEPS and its impact on captives. The session was hosted by Charles Winter, Head of Risk Finance and COO for Aon Global Risk Consulting & Tracey Skinner, Head of Risk & Insurance at BT.
In the session we discussed the Base Erosion and Profit Shifting (BEPS) project which seeks to close gaps in international taxation for companies that allegedly implement tax planning strategies to avoid and/or reduce tax burden in their home country. With the publication of the final OECD Action Plan in October 2015, businesses need to take action to proactively better align with the new requirements. BEPS is already looking at any potentially harmful tax practice where there is believed to be a dislocation between where value is generated and where profits are being recorded.
Download the full session write-up here