***Reforms to the international tax system for curbing avoidance by multinational enterprises***

The OECD [presented](http:// http://www.oecd.org/tax/oecd-presents-outputs-of-oecd-g20-beps-project-for-discussion-at-g20-finance-ministers-meeting.htm) today the [final package of measures](http://www.oecd.org/tax/beps-2015-final-reports.htm) for a comprehensive, coherent and co-ordinated reform of the international tax rules to be discussed by G20 Finance Ministers at their meeting on 8 October, in Lima, Peru. The [OECD/G20 Base Erosion and Profit Shifting (BEPS) Project](http:// http://www.oecd.org/tax/beps.htm) provides governments with solutions for closing the gaps in existing international rules that allow corporate profits to “disappear” or be artificially shifted to low/no tax environments, where little or no economic activity takes place.