BEPS Project OECD

About BEPS Project OECD

The OECD Base Erosion and Profit Shifting project was launched in 2013 to address corporate tax avoidance. The project produced 15 Actions covering hybrid mismatches, treaty abuse, transfer pricing, and harmful tax practices. Over 130 countries participated in the BEPS Inclusive Framework. The BEPS project led to country by country reporting, requiring multinationals to disclose profits and taxes by jurisdiction. It also led to the limitation of interest deductibility and stronger controlled foreign corporation rules. The BEPS project was followed by BEPS 2.0, which produced the global minimum tax. Critics argue BEPS has not gone far enough, as corporate tax avoidance continues. Proponents argue it has significantly increased transparency and reduced the most aggressive avoidance schemes.