Introduction to Base Erosion and Profit Shifting (BEPS)
BEPS refers to tax avoidance strategies that exploit gaps and mismatches in international taxation rules to artificially shift profits or erode taxable base to low or no tax jurisdiction. The G20 nationals in consultation with OECD has come out with clear action points to counter attack such BEPS issues.
As a multinational, you would have in past looked at certain tax planning initiatives that would have now been coloured as tax avoidance and therefore it becomes imperative for a group like yours to clear the test of BEPS and come clean to tax authorities, investors and economy at large.
This preliminary assessment tool will help you to come a step closer to establishing moral behaviours in the tax world. Through this tool you can gauge the existing tax risk that your group carries due to the implementation of BEPS measures.
We hope that you will find this tool timely and useful.