A Handbook on Base Erosion and Profit Shifting-Addressing Global Tax Avoidance

Base Erosion and Profit Shifting (BEPS) refers to tax avoidance strategies that exploit gaps and mismatches in tax rules to artificially shift profits or erode taxable base to low or no-tax locations. The BEPS package provides 15 Actions that equip governments with the domestic and international instruments needed to tackle such tax avoidances. This book on BEPS has been specifically designed to provide a comprehensive overview of all the 15 Action Plans and the measures suggested by OECD/G20 through the final reports released last year in October 2015 including the impact of BEPS on Indian Economy and the measures adopted by India to address BEPS. Key Highlights • Provides an overview of global developments that have an impact on corporate tax matters • Identifies the key principles that underlie the taxation of cross-border activities, as well as the BEPS opportunities these principles may create • Probes into the issues that leads to BEPS and recommends the best option to address the BEPS • Accentuates the options as suggested in these reports & provide appropriate guidance on how these measures can be implemented to address the BEPS • Elucidates the Actions from Indian prospective and identifies how Indian government is transitioning these measures into domestic tax laws • Highlights the new Minimum Standards as provided in these reports • Pragmatic approach through illustrations for easy understanding of the issues & their impact