BEPS (English, noun)
expansion: BEPS (uncountable)
Senses:
topics: business
finance
glosses: 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.
tags: abbreviation
acronym
alt-of
uncountable
Forms: