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The term ‘Base Erosion and profit shifting’ is sometimes seen in the news in the context of
  • a)
    mining operation by multinational companies in resource-rich by backward areas
  • b)
    curbing of the tax evasion by multinational companies
  • c)
    exploitation of genetic resources of a country by multinational companie
  • d)
    Lack of consideration of environmental costs in the planning of development projects
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
The term ‘Base Erosion and profit shifting’ is sometimes s...
The 2015 final reports of the Organisation for Economic Cooperation and Development (OECD)-led project on Base Erosion and Profit Shifting (BEPS) — which refer to the erosion of a nation’s tax base due to the accounting tricks of Multinational Enterprises (MNEs) and the legal but abusive shifting out of profits to low-tax jurisdictions respectively — lays out 15 action points to curb abusive tax avoidance by MNEs. As a participant of this project, India is expected to implement at least some of these measures.
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Most Upvoted Answer
The term ‘Base Erosion and profit shifting’ is sometimes s...
"term" can have multiple meanings depending on the context. Here are a few possible interpretations:

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3. In education, a term refers to a specific period of time during which academic instruction takes place, usually lasting several months.
4. In business and contracts, a term refers to a condition or provision that is part of an agreement or contract.
5. In politics, a term refers to the length of time a person holds a particular office, such as a president or a senator.
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The term ‘Base Erosion and profit shifting’ is sometimes seen in the news in the context ofa)mining operation by multinational companies in resource-rich by backward areasb)curbing of the tax evasion by multinational companiesc)exploitation of genetic resources of a country by multinational companied)Lack of consideration of environmental costs in the planning of development projectsCorrect answer is option 'B'. Can you explain this answer?
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The term ‘Base Erosion and profit shifting’ is sometimes seen in the news in the context ofa)mining operation by multinational companies in resource-rich by backward areasb)curbing of the tax evasion by multinational companiesc)exploitation of genetic resources of a country by multinational companied)Lack of consideration of environmental costs in the planning of development projectsCorrect answer is option 'B'. Can you explain this answer? for UPSC 2024 is part of UPSC preparation. The Question and answers have been prepared according to the UPSC exam syllabus. Information about The term ‘Base Erosion and profit shifting’ is sometimes seen in the news in the context ofa)mining operation by multinational companies in resource-rich by backward areasb)curbing of the tax evasion by multinational companiesc)exploitation of genetic resources of a country by multinational companied)Lack of consideration of environmental costs in the planning of development projectsCorrect answer is option 'B'. Can you explain this answer? covers all topics & solutions for UPSC 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The term ‘Base Erosion and profit shifting’ is sometimes seen in the news in the context ofa)mining operation by multinational companies in resource-rich by backward areasb)curbing of the tax evasion by multinational companiesc)exploitation of genetic resources of a country by multinational companied)Lack of consideration of environmental costs in the planning of development projectsCorrect answer is option 'B'. Can you explain this answer?.
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