Law360 Quotes Caplin & Drysdale Partner Elan Keller About OECD's Controversial Global Tax Plan

Aug 01, 2013, 14:47 ET from Caplin & Drysdale

NEW YORK, Aug. 1, 2013 /PRNewswire-USNewswire/ -- Caplin & Drysdale's Elan P. Keller recently spoke with Law360 concerning the OECD's Action Plan to help reduce the use of tax-avoidance strategies practiced by multinational corporations and to eliminate double non-taxation of corporate income.  As multinational corporations gain political attention globally for their cross-border tax planning, "increased transparency and information sharing between taxing authorities and multinational entities have become the focus of organizations like the G20 and the OECD," said Mr. Keller. 

"I believe it's unlikely that the Action Plan will be adopted and enforced in its entirety because it requires simultaneous cooperation by countries who also want to remain attractive to corporations.  Individual countries will have to determine whether they want to implement aspects of the plan on a domestic level.  The broad scope and limited timeframe laid out in the Action Plan will also impede adoption.  With that said, multinational corporations should be aware that policy makers are paying more attention to multinational corporate tax planning strategies, and decision makers should consider this newfound awareness and sensitivity as one of many factors in determining whether to implement a particular plan."

About Elan P. Keller

Elan P. Keller is a partner in Caplin & Drysdale's Corporate, Business & Transactional Tax International Tax, Tax Controversies practice groups in the firm's New York office.  Clients seek his advice on matters involving tax due diligence and structuring cross-border and domestic M&A transactions; the U.S. aspects of inbound and outbound operations; transfer pricing; corporate restructurings, reorganizations and distributions; capital markets and structured finance transactions; infrastructure and leasing transactions; and oil, gas, energy, and natural resource transactions.  Mr. Keller can be reached at 212.379.6030 or

About Caplin & Drysdale

Since 1964, Caplin & Drysdale has been a leading provider of tax, tax controversy, and related legal services to corporations throughout the United States and around the world. With offices in New York and Washington, DC, the firm also provides counseling on matters relating to bankruptcy, creditors' rights, political activity, exempt organizations, complex litigation, employee benefits, private client services, corporate law, and white collar defense.  For more information, please visit us at

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