A study on practice and impact of beps and its actionplan

Base Erosion and Profit Shifting (BEPS)is the method used by multinational companies to shift their profits to low tax or no tax jurisdictions. The MNC’s capabilities to successfully avoid tax motivated the G20 countries and OECD to launch BEPS Action Plans. BEPS action planshas attracted the attention of tax policy makers, practitioners and academics. By this research, we bring forth the importance of BEPS Action Plans among readers and howthese are acting as a support system in economic development of the nations by reducing Illegal/ Unaccountable Transfer of Profits into Tax Havens. Through this research we intend to give the readers an insight and understanding about the BEPS origin, its objectives and its future scope and how it may proceed in future. In our paper we do not aim to summarise in detail the work of each action plan rather we aim at giving brief knowledge of BEPS.