BEPS meaning in Accounts and Finance ?

Answer: What is Base Erosion and Profit Shifting mean?

Base erosion and profit shifting (BEPS) refers to corporate tax planning strategies used by multinationals to "shift" profits from higher-tax jurisdictions to lower-tax jurisdictions, thus "eroding" the "tax-base" of the higher-tax jurisdictions. The Organisation for Economic Co-operation and Development (OECD) define BEPS strategies as "exploiting gaps and mismatches in tax rules".

Corporate tax havens offer BEPS tools to "shift" profits to the haven, and additional BEPS tools to avoid paying taxes within the haven (e.g. Ireland's "CAIA tool"). It is alleged that BEPS tools are associated mostly with American technology and life science multinationals. A few studies showed that use of the BEPS tools by American multinationals maximised long–term American Treasury revenue and shareholder return, at the expense of other countries.

reference

Full Form	Category
Belgian Equine Practitioners Society	Academic & Science
Base Erosion and Profit Shifting	Accounts and Finance
Basic Education and Policy Support	Community
Base Erosion And Profit Sharing	General
Breakfast Eggs Potatoes and Sausage	General
Bio Environmental Polymer Society	Governmental
Belgian Eminase Prehospital Study	Medical
Biomedical Engineering and Physical Science	Medical