Journal Press India^®

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Base erosion and profit shifting phenomena is continuing to have an adverse impact on countries, both developed and developing. This paper focuses on the idea of base erosion and profit shifting and subsequent losses in corporate income tax. The fundamental factors behind BEPS are transfer mispricing by multinational enterprises and tax havens with their preferential tax regimes. The study compares the empirical literature for both developed and developing countries to assess the data, timeline and method of research and brings out the possible guidelines for further research for evaluating tax evasion and avoidance for developing countries. The data available for developing countries is comparatively scarce and demands more rigorous efforts in examination of the proposed reforms for developing nations to fight BEPS.

Keywords

BEPS; Multinational enterprises; Developing countries; Tax evasion; OECD

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