Tax Base Erosion and Profit Shifting (BEPS)

Parthasarathi Shome
Additional contact information
Parthasarathi Shome: London School of Economics

Chapter 30 in Taxation History, Theory, Law and Administration, 2021, pp 363-386 from Springer

Abstract: Abstract The Group of 20 (G20) nations engaged the Organisation of Economic Cooperation and Development (OECD) to make recommendations for containing international tax base erosion and profit shifting (BEPS). This reflected perceived MNE behaviour of locating profits in low tax jurisdictions and contributing little to tax in proportion to their global pre-tax profits. In the rush for corrective measures, however, governments were quick to conclude that inappropriate tax behaviour of MNEs was endemic. Tax avoidance was not viewed as a phenomenon pertaining to selected sectors or individual enterprises, rather, as a phenomenon afflicting the entire MNE sector. In September 2013, the OECD adopted 15 Action Plans to address BEPS. In October 2015, 15 Actions in 13 final reports were released. In July 2020, the OECD publicly shared the outcomes of a stocktaking exercise of whether signatory countries were meeting minimum standards that they had signed on to for being a part of the BEPS process. It found that countries were collaborating and sharing best practices regarding fiscal policy and tax administration. The report pointed to how standards could be improved for countering BEPS. This chapter examines the success of the Actions in addressing BEPS and country reactions to the BEPS process.

Date: 2021
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sptchp:978-3-030-68214-9_30

Ordering information: This item can be ordered from
http://www.springer.com/9783030682149

DOI: 10.1007/978-3-030-68214-9_30

Access Statistics for this chapter

More chapters in Springer Texts in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().