Toronto partner and Tax practice group leader Christopher Steeves is quoted in The Bottom Line in a story on the Organisation for Economic Cooperation and Development (OECD) and implementation of its Base Erosion Profit Shifting project (BEPS).
Excerpt
“The real tension with the BEPS project and with countries is that fiscal policy is a real critical part of any country’s sovereignty, and countries want to be seen as in their own driver’s seat in terms of developing their own fiscal policy,” said Christopher Steeves, leader of the tax group for Fasken Martineau.
“Countries don’t want their tax base eroded but yet they are willing to compete with one another with these various tax plans designed to encourage a company to leave its home jurisdiction and take part of their economy,” said Steeves. “That tension will be a roadblock in some ways for BEPS.”
