Cross-Border Audit Unit 3: Base Erosion Profit Shifting (BEPS)

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Base Erosion Profit Shifting (BEPS) refers to the practice where multinational companies shift their profits from high-tax countries to low-tax or no-tax countries with the intention of legally reducing their tax liabilities. This issue has garnered significant attention from tax authorities worldwide, including during tax audit processes.

Objectives:

  1. Provide a deep understanding of what BEPS is, how it occurs, and why it has become a primary focus in tax audits.
  2. Improve the skills and knowledge of tax auditors in identifying, assessing, and addressing BEPS-related issues during audits.
  3. Increase awareness of the importance of compliance with tax laws and the implications of violations in the context of BEPS.

Benefits:

  1. Enhance companies’ adherence to tax laws, reduce the risk of violations, and avoid associated legal sanctions.
  2. Improve the efficiency and effectiveness of the tax audit process.
  3. Enable companies to protect their reputation, mitigate the risk of negative publicity, and support global economic stability.