- It is a technical term referring to the negative effect of multinational companies’ tax avoidance strategies on national tax bases. It can be achieved through the use of transfer pricing.
- The BEPS package from OECD (Organization for Economic Cooperation and Development) includes 15 actions that equip government with the domestic and international instruments needed to tackle BEPS.
- The inclusive framework has the tools to ensure that profits are taxed where economic activities generating the profit are performed and where value is created.
- The BEPS action Plan was published by OECD in 2015