The Organisation for Economic Co-operation and Development (OECD) has published a proposal that identifies 15 specific measures to give governments domestic and international instruments to prevent corporations from paying little or no taxes.

The Action Plan on Base Erosion and Profit Shifting was produced at the request of the G20 nations with the objective of developing a set of standards to prevent double non-taxation.

Existing tax treaties and transfer pricing rules can in some cases facilitate the separation of taxable profits from the value-creating activities that generate them.

The OECD&…