BEPS refers to tax planning strategies that exploit gaps and mismatches in tax rules to artificially shift profits to locations with no or low tax rates and no or little economic activity.
Deloitte is calling for a re-evaluation in tax incentives for businesses amidst ongoing developments to the Base Erosion and Profit Shifting (BEPS) framework.
In its Jan 18 note, Deloitte says that in the lead-up to the Singapore Budget 2023, its recommendations include studying what other tax jurisdictions are doing or intend to do in response to BEPS, and re-evaluating Singapore’s incentive landscape amidst these ongoing changes in the tax universe.
