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Beps
Meaning
Noun
●
plural of BEP
●
In 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.
Sourced from
Wiktionary
Related
Oecd
Wto
Unfccc
Taxation
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