Review:
Beps (base Erosion And Profit Shifting)
overall review score: 3.5
⭐⭐⭐⭐
score is between 0 and 5
BEPS (Base Erosion and Profit Shifting) refers to tax planning strategies used by multinational companies to shift profits from high-tax jurisdictions to low-tax jurisdictions, often resulting in little or no corporate tax being paid.
Key Features
- Tax planning strategies
- Profit shifting
- Multinational companies
- Reduced corporate tax payments
Pros
- Can lead to increased competitiveness for multinational companies
- May result in lower prices for consumers
Cons
- Can lead to increased inequality between countries
- May result in loss of tax revenue for governments