Base Erosion and Profit Shifting (BEPS)

One of the most significant developments in international taxation over the past century is undoubtedly the Base Erosion and Profit Shifting (BEPS) initiative. In recent years, numerous anti-tax avoidance measures have been introduced across various countries as a result of BEPS, including Economic Substance, Controlled Foreign Corporation (CFC) rules, Thin Capitalization, and Hybrid Mismatch regulations. BEPS represents the largest anti-tax avoidance initiative in modern history and has profoundly shaped the future of international tax rules.