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Beps - A Primer On Where It Came From And Where It’S Going, Jeffrey M. Kadet
Beps - A Primer On Where It Came From And Where It’S Going, Jeffrey M. Kadet
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Governments throughout the world have been losing many billions of dollars of tax revenues from “legal” tax avoidance conducted by many multinational groups (MNEs) through aggressive structuring of operations and transactions that often lack economic reality so as to earn profits that are subjected to zero or low-taxation. The success of this “legal” tax avoidance motivated the G-20 and the OECD to initiate the two-year Base Erosion and Profit Shifting (BEPS) project, which took place from 2013 to 2015.
This discussion of the BEPS project is intended to give the reader an understanding of the project’s origin, its objectives, and …