The global initiative to address base erosion and profit shifting (BEPS) focuses on taxes. National tax authorities around the world are trying to prevent multinational entities from structuring their affairs in a manner that results in “stateless income” subject to very little tax.
The reforms proposed to address BEPS affect far more than a company’s tax situation. The BEPS reforms are causing multinationals to reevaluate their entire operating model—including where they are going to operate, who they will do business with, and how they will run the business.
A white paper (report) [PDF 1.4 MB] prepared by KPMG LLP provides insights to help businesses:
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