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