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Consider the following statements:
1. The Base Erosion and Profit Shifting (BEPS) framework is an initiative of the G20 countries.
2. India is yet to join the Multilateral Instrument (MLI) to prevent base erosion and profit shifting.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
Consider the following statements:1. The Base Erosion and Profit Shift...
  • The Base Erosion and Profit Shifting (BEPS) inclusive framework is an OECD initiative, approved by the G20, to identify ways of providing more standardised tax rules globally. Hence, statement 1 is not correct.
  • India has ratified the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting ("Multilateral Instrument" or "MLI") - outcome of the OECD/G20 Project to tackle BEPS. Hence, statement 2 is not correct.
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Consider the following statements:1. The Base Erosion and Profit Shifting (BEPS) framework is an initiative of the G20 countries.2. India is yet to join the Multilateral Instrument (MLI) to prevent base erosion and profit shifting.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer?
Question Description
Consider the following statements:1. The Base Erosion and Profit Shifting (BEPS) framework is an initiative of the G20 countries.2. India is yet to join the Multilateral Instrument (MLI) to prevent base erosion and profit shifting.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? for Current Affairs 2025 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about Consider the following statements:1. The Base Erosion and Profit Shifting (BEPS) framework is an initiative of the G20 countries.2. India is yet to join the Multilateral Instrument (MLI) to prevent base erosion and profit shifting.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for Current Affairs 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Consider the following statements:1. The Base Erosion and Profit Shifting (BEPS) framework is an initiative of the G20 countries.2. India is yet to join the Multilateral Instrument (MLI) to prevent base erosion and profit shifting.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'D'. Can you explain this answer?.
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