Noun
BEPS (uncountable)
(finance) Acronym of base erosion and profit shifting: a corporate tax planning strategy used by multinationals to "shift" profits from higher-tax jurisdictions to lower-tax jurisdictions or no-tax locations where there is little or no economic activity, thus "eroding" the tax base of the higher-tax jurisdictions using deductible payments such as interest or royalties.
And just as companies are adjusting to the rapid changes to tax policy and enforcement brought by BEPS and the digital revolution, a wave of political uncertainty has added a new wrinkle to the tax risk environment. Source: Internet
Commenting on Vietnam's contribution to the implementation of this initiative, Mr. Pascal said that the promotion of this initiative (BEPS) in APEC was very positive for cooperation. Source: Internet
“Regardless of prior justifications for cross-border IP charges, BEPS now requires a focus on the location of DEMPE functions: develop, enhance, maintain, protect and exploit.” Source: Internet
Many of our clients tell us they plan to double the amount they currently budget for tax controversy resolution as a direct result of the BEPS initiative. Source: Internet
Thanks to the BEPS Action Plan and technological advances, taxing authorities increasingly have the tools and the regulations to shine a light on corporate revenue generating activities wherever they may occur. Source: Internet
This is where I think the consensus is elusive, and therefore you have BEPS Action 1 which does not propose any changes. Source: Internet