Base Erosion and Profit Shifting Inclusive Framework

The Base Erosion and Profit Shifting (BEPS) Inclusive Framework is an international effort led by the Organization for Economic Co-operation and Development (OECD) to address tax planning strategies used by multinational companies. These strategies sometimes exploit differences in country tax rules to artificially shift profits to low-tax jurisdictions, eroding tax bases in other countries. The framework promotes consistent rules and transparency to ensure companies pay their fair share of taxes where economic activity occurs. Its goal is to reduce tax avoidance, prevent unfair competition, and enhance global tax fairness.