CLEAN : G20 gets action plan to clamp down

The video discusses the Base Erosion and Profit Shifting (BEPS) initiative, which aims to address unfair tax practices and ensure companies pay their fair share. It highlights the importance of legal certainty and the challenges faced by SMEs. The speaker advocates for the adoption of a comprehensive action plan by G20 leaders to create fair tax rules suitable for the modern economy, reinforcing the social contract between companies, individuals, and governments.

What is the primary goal of addressing Base Erosion and Profit Shifting (BEPS)?

• To increase government revenue

• To maintain fairness and integrity in tax systems

• To simplify tax regulations

• To promote international trade

How many actions are proposed to change international tax rules?

• 10

• 15

• 12

• 20

Why is the action plan considered necessary for businesses, especially SMEs?

• It exempts them from international tax rules

• It provides more government subsidies

• It ensures they pay their fair share of taxes

• It reduces their tax rates

What is the speaker's stance on segmenting the action plan?

• It should be discarded

• It should be segmented for better implementation

• It should be adopted in its entirety

• It should be revised before adoption

What broader impact does the action plan aim to achieve?

• To eliminate taxes for multinational companies

• To increase tax rates globally

• To simplify tax filing processes

• To create tax rules that are fair and fit for the modern economy