Global Tax Policy Post-BEPS and the Perils of the Silk Road

This article addresses the implications of the OECD’s BEPS proposals for investment in, and the growth of, Asian economies. The authors argue that, in the post-BEPS world, Asian countries should adopt international coordination and cooperation, expand their permanent establishment rules and broaden their interpretations of the arm’s length principle to their best economic advantage, rather than unilaterally and incoherently over-implementing the new anti-BEPS weapons.