Multiple Choice Questions on The term lsquo Base Erosion and Profit Shifting rsquo is sometimes seen in the news in the context o........... for UPSC Civil Services Examination (General Studies) Preparation

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Multiple Choice Questions

The term lsquo Base Erosion and Profit Shifting rsquo is sometimes seen in the news in the context o...........

Economic Affairs Tax System
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    The term ‘Base Erosion and Profit Shifting’ is sometimes seen in the news in the context of

    exploitation of genetic resources of a country by multinational companies.

    Incorrect Answer

    mining operation by multinational companies in resource-rich but backward areas.

    Incorrect Answer

    curbing of the tax evasion by multinational companies.

    Correct Answer

    intensive agricultural practice resulting soil erosion and low productivity in long run.

    Incorrect Answer
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    Explanation:

    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.

    By: Kritika Kaushal
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