BEPS

BEPS stands for “Base Erosion, Profit Shifting” a term that describes tax planning efforts by multinational corporations that can shift profits from one (higher tax) jurisdiction to another (lower tax) jurisdiction, thereby eroding the tax base in one. BESP includes a package of measures adopted by the OECD to combat tax avoidance – http://www.oecd.org/tax/beps/

Australia, BEPS, China, Customs, OECD, Trade Law, USA

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Amidst the chaos created by “disTrumption”[1] globalization rolls on and international business pursues TESCM, or tax efficient supply chain management. What does this mean for trade and customs? TESCM arises from the OECD BEPS (base erosion and profit shifting)[2] initiative and will continue to drive multinational tax planning. The OECD effort is creating a restructuring…