Initiated in 2013 by the G20 finance ministers, the base erosion and profit shifting (BEPS) project is due to conclude at the end of 2015 with the OECD to say what governments should do to stop multinationals getting off paying billions of euro in taxes by moving profits to low tax jurisdictions. But according to Michael Mandel, chief economic strategist at the Progressive Policy Institute (PPI), a Washington think tank, closing tax loopholes that the likes of Apple and Google…