Definitions from Wiktionary (BEPS)
▸ noun: (finance) 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.
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▸ noun: (finance) 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.
Similar:
PTEP,
ebit,
Google tax,
windfall tax,
bezzle,
pyramiding,
bed-and-breakfast deal,
EBITA,
tax shift,
top-slicing,
more...
▸ Words similar to beps
▸ Usage examples for beps
▸ Idioms related to beps
▸ Wikipedia articles (New!)
▸ Popular adjectives describing beps
▸ Words that often appear near beps
▸ Rhymes of beps
▸ Invented words related to beps