A Bird's-Eye View of Base Erosion and Profit ShiftingPDF
Ian Shane's article, "A Bird's-Eye View of Base Erosion and Profit Shifting," was published by Law360 on October 22, 2015.
From the article...
"On Oct. 9, 2015, the Finance Ministers from many of the world’s leading economies agreed on new tax rules in principle, for taxing the profits of multinational companies such as Google, Apple and Amazon. Base erosion and profit shifting (“BEPS”) refers to tax planning strategies that exploit gaps and mismatches in tax rules in order to divert profits from high
tax jurisdictions to low or no tax jurisdictions. This results in little or no overall corporate tax being paid. Under the new rules, multinational companies will find it harder to transfer and hold their profits in tax havens."
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