On 15 December 2014, the OECD held a live webcast providing an update on the status of the Base Erosion and Profit Shifting (BEPS) Project including follow-up work on 2014 deliverables and planned 2015 deliverables. The following outlines the current/next steps for the action items covered.

• Action 1: Digital Economy - work continues on addressing aspects of the BEPS Project that affect the dig…