Base Erosion and Profit Shifting (BEPS)
Автор: 2thepoint
Загружено: 2022-03-23
Просмотров: 262
Описание:
Base erosion and profit shifting (BEPS) is a tax avoidance strategy used by multinational corporations (MNCs) to shift profits to low or no-tax locations. This can be done by taking advantage of gaps in tax rules, or by making deductible payments like interest or royalties.
BEPS can cost countries billions of dollars in lost revenue each year. In 2017, conservative estimates indicated that BEPS was responsible for annual losses of between 4–10% of global corporate income tax revenues.
To address BEPS, the OECD and G20 jurisdictions developed 15 actions to improve international tax rules and make the tax environment more transparent. The BEPS Multilateral Instrument (BEPS MLI) was created to implement these measures by changing tax treaties.
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