@hosford42 @amoshiashwili @dcjohnson

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BEPS - #BaseErosionAndProfitShifting.

#BEPS includes many different initiatives that enables multinational companies and super wealthy individuals (to this day) to move earnings to countries where they pay a lower tax rate (or no taxes at all.)

In 2021, 130 countries agreed at least on minimum taxes for the biggest global players:

https://kpmg.com/ie/en/home/services/tax/corporate-tax/beps-2-pillar-one-pillar-two.html

This is an ongoing global project.

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https://www.oecd.org/tax/beps/about/