BEPS is an OECD project to combat the artificial lowering of a tax base and the shifting of profits from value-creating countries to countries with a favourable tax regime to avoid paying taxes. It is a strategy coordinated by the OECD with the goal of substantially reducing the space for multinational enterprises to engage in such behaviour. By means of various legislative instruments, the project introduces a wide range of measures to prevent the abuse of international tax treaties, reduces gaps in tax systems, introduces uniform reporting procedures across countries, stimulates cooperation between tax administrators, etc.

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