BEPS Flashcards
1
Q
What does the acronym BEPS stand for?
A
Base erosion and profit shifting.
2
Q
What does Base erosion and profit shifting (BEPS) refer to?
A
Tax avoidance strategies that exploit gaps and mismatches in tax rules to artificially shift profits to low or no-tax locations.
3
Q
What has been developed by the OECD in relation to BEPS?
A
An Inclusive Framework on BEPS which allows interested countries and jurisdictions to work with OECD and G20 members on developing standards on BEPS related issues and reviewing and monitoring the implementation of the whole BEPS Package
