world_organizations medium True/False

The OECD's Base Erosion and Profit Shifting (BEPS) Project addresses tax avoidance strategies that exploit gaps and mismatches in tax rules to artificially shift profits to low- or no-tax locations.

  1. True
  2. False

Answer: True

The BEPS Project, involving over 140 jurisdictions, developed 15 actions to ensure multinationals pay tax where economic activity occurs. Key outcomes include country-by-country reporting, anti-abuse rules, and the global minimum tax (Pillar Two) to create a fairer international tax system.

Topic Organisation for Economic Co-operation and Development
Exam Relevance UPSC, Banking, SSC
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