Profit shifting / Base Erosion Profit Shifting

Profit shifting is where firms, often multinationals, artificially manipulate the reporting of their internal cross-border activities in order to have profits booked to locations where they receive low or favourable tax treatment. To mitigate against this, the Organisation of Economic Co-operation and Development (OECD) has responded with its Base Erosion Profit Shifting Programme (or ‘BEPS’), …

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