• Dr SUMAN BHAKRI

Base Erosion and Profit Shifting (BEPS) refers to a practice or tax planning strategy used by Multi National Enterprises (MNEs) to exploit gaps and mismatches tax rules between different countries to artificially shift profits to low or no- tax locations in order to bypass corporate tax laws, resulting in little or no corporate tax being paid. BEPS causes loss of tax revenue to national governments. The international tax scenario had taken such shape that the governments all across the globe had to suffer revenue losses. Countries’ governments, then, began to grow concerned of the way with which multinational enterprises started exploiting tax rate differences among countries to book profits in low-tax locations. This exposed the issue of ‘unfair’ transfer pricing among related entities and brought forth the importance of the principle of arm’s length pricing. In recent years, the Organization for Economic Cooperation and Development (OECD) has coupled with the G20 representatives and raised the need for a tax rule which is uniform across the board (internationally) in order to prevent multinational companies from getting undue advantage of tax differentials between countries. This is being done with the objective of keeping the government revenues from deteriorating as the primary source of revenue of governments is taxation. The current paper focuses on BEPS regulation and case study of Amazon with reference to transfer pricing.

Organization for Economic Cooperation and Development (OECD), Base Erosion and Profit Shifting (BEPS), G20, Multi National Enterprises (MNEs), Transfer Pricing

"IMPACT OF BASE EROSION AND PROFIT SHIFTING (BEPS) REGULATION IMPOSED BY OECD/G20 ON MULTINATIONAL ENTERPRISES: TRANSFER PRICING ANALYSIS", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.4, Issue 7, page no.369-379, July-2017, Available :http://www.jetir.org/papers/JETIR1707065.pdf

"IMPACT OF BASE EROSION AND PROFIT SHIFTING (BEPS) REGULATION IMPOSED BY OECD/G20 ON MULTINATIONAL ENTERPRISES: TRANSFER PRICING ANALYSIS", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.4, Issue 7, page no. pp369-379, July-2017, Available at : http://www.jetir.org/papers/JETIR1707065.pdf