Transparency
Tax transparency can be interpreted in many ways depending on the type of business it is relating to. However generally it refers to ‘’how an organisation chooses to communicate its approach to tax and how much tax it pays. It is how it seeks to provide clarity on the complex area of tax.’’

BEPS
The mission of the Organisation for Economic Co-operation and Development (OECD) is to promote policies that will improve the economic and social well-being of people around the world. http://www.oecd.org/about/
In an increasingly interconnected world, national tax laws have not kept pace with global corporations, fluid capital, and the digital economy, leaving gaps that can be exploited by companies who avoid taxation in their home countries by pushing activities abroad to low or no tax jurisdictions. This undermines the fairness and integrity of tax systems. The project, quickly known as BEPS (Base Erosion and Profit Shifting) looks at whether or not the current rules allow for the allocation of taxable profits to locations different from those where the actual business activity takes place, and what could be done to change this if they do. http://www.oecd.org/tax/beps-about.htm

In July 2013, the OECD released its long awaited action plan on Base Erosion and Profit Shifing (BEPS)1). The plan, which consists of 15 actions to be undertaken between September 2014 and December 2015, aims at fixing rather than changing international corporate tax law. Page 61 http://www.amcham.ch/publications/downloads/2014/yb/base-erosion-and-profit-shifting.pdf
LOOK FOR MORE INFO ^^^^^ http://www.pwc.com/en_GX/gx/tax/newsletters/tax-policy-bulletin/assets/pwc-oecd-beps-action-plan.pdf ^^^ LOOK FOR INFO http://www.ey.com/GL/en/Services/Tax/International-Tax/Alert--OECD-releases-highly-anticipated-2014-output-of-BEPS-Action-Plan ^^ The Action Plan
ACTION 1
Address