Recently my all time favorite Indonesia public figure, Bu Sri Mulyani, posted an images of her 2-pages-notes in regards of Indonesia’s stance over the new OECD regulation of BEPS. She wrote it during her visit to Paris.
So what is BEPS?
According to the official website of OECD
Base erosion and profit shifting (BEPS) refers to tax avoidance strategies that exploit gaps and mismatches in tax rules to artificially shift profits to low or no-tax locations. Under the inclusive framework, over 100 countries and jurisdictions are collaborating to implement the BEPS measures and tackle BEPS.