Base erosion and profit shifting. A global tax challenge and road ahead

Fachbuch , 2020 , 113 Seiten , Note: 10

BWL - Rechnungswesen, Bilanzierung, Steuern

In the Addressing Base Erosion and Profit Shifting Report, there are certain key tax principles and opportunities for Base Erosion and Profit Shifting that have been analyzed, such as jurisdiction to tax, transfer pricing, leverage and anti-avoidance. Further in these key pressure areas of the Report have been discussed in detail as different chapters of this dissertation.

As the world becomes more globalized and resources become more internationally mobile, the issue related to international taxation is moving to the forefront of debates surrounding national tax system. The process of globalization has led to increased competition among businesses in the global market place. International taxation generally refers to the tax treatment of cross-national transactions. Since each nation has its own tax rules and the rules of one nation are rarely perfectly meshed with those of another, it is possible that income will be taxed more than once which is sometimes referred to as double taxation or that it will go untaxed by any jurisdiction. To prevent this, usually countries adopt different methods. In principal, two methods of taxation are there i.e. the territorial (or source) system of taxation and the worldwide (or residence) system.

Base Erosion and Profit Shifting by the multinational enterprises or by the individuals is one of the current problem by which the whole world suffering. To curb this problem Organisation for Economic Co-operation and Development (OECD) has unveiled its report on Base Erosion and Profit Shifting (BEPS) on 12 February, 2013. The Report has attempted to identify and tackle the global issue of tax base erosion, which in present time has achieved gigantic proportions.

There is a growing perception that Governments across world lose substantial revenue due to tax avoidance because of planning aimed at eroding the tax the taxable base or shifting profits to favorable tax jurisdiction. Keeping cognizance of this situation, the Organisation for Economic Co-operation and Development (OECD) recommends a holistic and planned approach to address the problem of Base Erosion and Profit Shifting (BEPS).

Inhaltsverzeichnis (Table of Contents)

• CHAPTER ONE INTRODUCTION
  • 1.1 International Taxation.
  • 1.2 Base Erosion and Profit Shifting..
  • 1.3 Key Pressure Areas of the OECD Report
  • 1.4 Purported Action of Organisation for Economic Co-operation and Development
  • 1.5 Action Steps in OECD Action Plan.
• CHAPTER TWO TAX JURISDICTION AND TAXATION.
  • 2.1 Introductory........
  • 2.2 The Jurisdiction to Tax
  • 2.3 Organisation for Economic Co-operation and Development Report Views..
  • 2.4 Conclusion.
• CHAPTER THREE TRANSFER PRICING.
  • 3.1 Introductory....
  • 3.2 Meaning of Transfer Pricing..
  • 3.3 Transfer Pricing in India
  • 3.4 Scope of Transfer Pricing
  • 3.5 Organisation for Economic Co-operation and Development Report Views regarding Transfer Pricing
  • 3.6 Key Features of the Transfer Pricing Regulations ..
  • 3.7 Section 92A - Meaning of Associated Enterprise..
  • 3.8 Meaning of International Transaction (Section 92B) ..
  • 3.9 Extension to Domestic Transaction.
  • 3.10 Methods for arriving at Arm's Length Price
  • 3.11 Conclusion
• CHAPTER FOUR TAX HAVENS & HARMFUL TAX COMPETITION
  • 4.1 Introductory.....
  • 4.2 The Concept of Tax Competition..
  • 4.3 Globalization and Harmful Tax Competition
  • 4.4 Benefits of Tax Competition
  • 4.5 The Organization for Economic Co-Operation and Development Report on Harmful Tax Competition.
  • 4.6 Tax Haven....
  • 4.7 Harmful Preferential Tax Regime..
  • 4.8 Conclusion........
• CHAPTER FIVE CORPORATE GOVERNACE AND TAXATION.
  • 5.1 Introductory….………………....
  • 5.2 Meaning of Corporate Governance / Theoretical framework.
  • 5.3 Interaction between Taxation and Corporate Governance..
  • 5.4 Studies on Corporate Governance and Taxation....
  • 5.5 Conclusion
• CHAPTER SIX TAX AVOIDANCE TECHNIQUES: GAAR & SAAR.
  • 6.1 Introductory..
  • 6.2 Meaning of Anti-Avoidance
  • 6.3 Common Methods used by Taxpayers to Reduce Tax Liability.
  • 6.4 Sources of Anti-Avoidance Measures........
  • 6.5 Some Common Anti-Avoidance Measures..
  • 6.6 Conclusion

Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)

The book explores the multifaceted issue of Base Erosion and Profit Shifting (BEPS) within the context of globalization and international taxation. It examines the challenges faced by nations in addressing tax avoidance by multinational enterprises and individuals, focusing on the impact of BEPS on global tax revenues.

• The role of international taxation in a globalized economy
• The impact of BEPS on tax revenue and national economies
• The key pressure areas identified in the OECD's BEPS report
• The implications of transfer pricing and tax havens for BEPS
• The relationship between corporate governance and taxation in mitigating BEPS

Zusammenfassung der Kapitel (Chapter Summaries)

The book delves into the complex interplay between international taxation and BEPS. It commences by outlining the global tax challenges posed by BEPS and highlighting the significance of the OECD's BEPS report. Chapter 2 examines the critical concept of tax jurisdiction in the context of international transactions. It explores the various jurisdictional principles employed by countries and analyzes the OECD's views on tax jurisdiction. Chapter 3 delves into the complexities of transfer pricing, a key area of BEPS concern. It analyzes the Indian context, the scope of transfer pricing, and the OECD's perspectives on this topic. Chapter 4 sheds light on the controversial issue of tax havens and harmful tax competition, exploring the economic and social implications of such practices.

Schlüsselwörter (Keywords)

The core focus of the book revolves around Base Erosion and Profit Shifting (BEPS), international taxation, global tax challenges, OECD's BEPS report, transfer pricing, tax havens, harmful tax competition, corporate governance, tax avoidance, and anti-avoidance measures. The authors explore these key concepts to provide a comprehensive analysis of the global tax challenges posed by BEPS and the strategies for mitigating these challenges.

• Note: 10
• Autoren: Dr. Vivek Shukla (Autor:in), Prof. (Dr.) Somesh Kr. Shukla (Autor:in)
• Erscheinungsjahr: 2020
• Seiten: 113
• Katalognummer: V903189
• ISBN (eBook): 9783346212351
• ISBN (Buch): 9783346212368
• Sprache: Englisch
• Schlagworte: base