cryptohunter
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Base Erosion and Profit Shifting (BEPS) refers to a tactic employed by multinational corporations to exploit discrepancies and inconsistencies in tax regulations with the intention of manipulating profits towards regions with lower or nonexistent taxes. In the realm of offshore tax strategies, BEPS plays a significant role as it frequently involves the utilization of offshore frameworks to diminish the taxable foundation of jurisdictions with higher tax rates. Consequently, international endeavors have been initiated to tackle loopholes and hinder tax evasion, ultimately fostering equitable and transparent taxation on a global scale.
