The German Economic Institute (IW) is a private economic research institute in Germany, which is a advocate of a liberal economic and social order. We work to improve understanding of how business and society function and interact.
International tax competition has been an emerging issue for years. There are various political approaches to agree on common standards on a supranational level. In 2013, the OECD presented a first draft of its action plan against Base Erosion and Profit Shifting (BEPS), which has been eventually finalized.