BEPS


Also found in: Medical.
AcronymDefinition
BEPSBrevet Européen de Premiers Secours (French: European Patent First Aid)
BEPSBasic Education and Policy Support
BEPSBioenvironmental Polymer Society
BEPSBasic Earnings Per Share
BEPSBuilding Energy Performance Standards
BEPSBoeing Employees' Photographic Society (Kent, WA)
BEPSBishop Eustace Preparatory School (Pennsauken, New Jersey)
References in periodicals archive ?
The Undersecretary went on to add that, "The Ministry of Finance is collaborating with the Organization for Economic Cooperation and Development (OECD) to organise a series of workshops and meetings with relevant authorities in the UAE, which include the multinational BEPS Project -- an initiative launched by the OECD and the Group of 20 (G20) to enhance fiscal transparency, reduce tax evasion and promote the exchange of information for tax purposes.
New rules to limit BEPS should not affect a multinational corporation's ability to keep its members of the consolidated group liquid, should not lead to an overreliance on the banking system, and should not expose the company to extra risks or costs.
Korea, which participates in the BEPS project, also agreed to apply the agreement to its tax codes.
At the same time, 35% said they planned to wait for individual countries to implement BEPS measures before acting -- undoubtedly aware of recent criticism from China and other countries that the rules may not be appropriately tailored to the developing world.
Countries are using the Final Reports of the BEPS Project as the basis for taking international measures against tax avoidance by multinational corporations.
Several of these, though not all, are concerned with tailoring the outcomes of the BEPS process to the special circumstances of developing countries," Keen said.
Equalisation levy is one of the recommendations of the BEPS action plan.
Many of the measures included in the package generally are consistent with the OECD's BEPS recommendations, and, in fact, one of the package's goals is to ensure implementation of those recommendations within the EU in a consistent and coordinated manner.
Corporate taxes From a corporate perspective, we continue to see legislation and detailed proposals in response to the fifteen actions that comprise the BEPS agenda.
The BEPS proposal represents a comprehensive package of tax recommendations that was recently endorsed by G-20 finance ministers.
BEPS refers to tax planning strategies that exploit thegaps and mismatches in tax rulestoartificially shift profits to low or no-tax locations where there is little or no economic activity, resulting inlittle or no overall corporate tax being paid.