Following the recent G20 Finance Ministers and Central Bank Governors Meeting held 9-10 February 2015 in Istanbul, a communiqué was issued covering several issues, including the G20's support of the G20/OECD Base Erosion and Profit Shifting (BEPS) Project. The part of the communiqué concerning the BEPS Project is as follows:
"We reiterate our full support to the G20/OECD Base Erosion and Profit Shifting (BEPS) Project, showing our resolve to tackle cross-border tax avoidance by modernizing i…