John O'Leary PwC

The Organization for Economic Co-operation and Development (OECD) published its Base Erosion Profit Sharing (BEPS) action plan in July 2013 to address perceived flaws in international tax rules. The Plan was endorsed by G20 with implementation to be completed by the end of 2015. spoke with John O’Leary, a Tax Partner in Financial Services at PwC, to gain some insights into the potential impact these tax rules could have on insurers and reinsurers.

According to Mr. O’Leary the G20 does not believe multinational corporations are contributing enough and the OECD was charged with developing a solution. “The OECD i