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:
- Provide a deep understanding of what BEPS is, how it occurs, and why it has become a primary focus in tax audits.
- Improve the skills and knowledge of tax auditors in identifying, assessing, and addressing BEPS-related issues during audits.
- Increase awareness of the importance of compliance with tax laws and the implications of violations in the context of BEPS.
Benefits:
- Enhance companies’ adherence to tax laws, reduce the risk of violations, and avoid associated legal sanctions.
- Improve the efficiency and effectiveness of the tax audit process.
- Enable companies to protect their reputation, mitigate the risk of negative publicity, and support global economic stability.