BEPS involves tax strategies by multinationals to minimise costs. The OECD tackles this with frameworks promoting fairness and global compliance.

Base erosion and profit shifting (BEPS) refers to strategies used by multinational corporations to exploit gaps and mismatches in tax rules, allowing them to shift profits to low or no-tax jurisdictions, thereby reducing their overall tax burden. The Organisation for Economic Co-operation and Development (OECD) leads the charge in addressing this issue by promoting international cooperation and creating frameworks to counter these strategies, ensuring tax fairness and transparency worldwide.