Meaning of BEPs | Babel Free
Definitions
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.
abbreviation, acronym, alt-of, uncountable
CEFR level
B1
Intermediate
This word is part of the CEFR B1 vocabulary — intermediate level.
This word is part of the CEFR B1 vocabulary — intermediate level.
See also
Know this word better than we do? Language is a living thing — help us keep it growing. Collaborate with Babel Free