Base erosion and profit shifting and Green gilt: Difference between pages

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''Tax - anti-avoidance''.
''Sustainability - sustainable development - UK - HM Treasury - green finance instruments - sovereign green bond.''


(BEPS).
Green gilts are UK sovereign green bonds.


Tax payer action that reduces the taxable profit in a jurisdiction, either by recharacterising it or by shifting it to a jurisdiction where it will be taxed at a lower rate or not taxed at all.


This is seen by tax authorities as potentially abusive, even if legal.
== See also ==
* [[Debt Management Office]]
* [[ESG investment]]
* [[Funding]]
* [[Gilts]]
* [[Green]]
* [[Green bond]]
* [[Green Bond Principles]]
* [[Green curve]]
* [[Green finance]]
* [[Green financing]]
* [[Green savings bond]]
* [[Greenium]]
* [[HM Treasury]]
* [[International Capital Market Association]]
* [[Issuance]]
* [[Sovereign]]
* [[Sustainable finance]]
* [[United Nations Environment Programme]] (UNEP)




''Action Plan on Base Erosion and Profit Shifting'' is a 2013 report from the Organisation for Economic Co-operation and Development (OECD). The outline Action Plan proposals were endorsed by the G20 during their summit in St. Petersburg in 2013.
==External link==
 
*[https://www.dmo.gov.uk/responsibilities/green-gilts/ Green gilt issuance - UK Debt Management Office]
 
The OECD report notes:
*  that modern business practices, the growing importance of the services and 'digital' components of the economy mean that many businesses are geographically distant from their customers and
*  "the increasing sophistication of tax planners in identifying and exploiting the legal arbitrage opportunities and the boundaries of acceptable tax planning".
 
 
These, the report says, provide multinational enterprises (MNEs) with more confidence in taking aggressive tax positions giving opportunities for the MNEs to greatly minimise their tax burden.
 
"The increasing BEPS relates chiefly to instances where the interaction of different tax rules leads to double non-taxation or less than single taxation. It also relates to arrangements that achieve no or low taxation by shifting profits away from the jurisdictions where the activities creating those profits take place."
 
 
==See also==
* [[CbC reporting]]
* [[Common Consolidated Corporate Tax Base]]
* [[Corporation Tax]]
* [[Diverted profits tax]]
* [[Double taxation]]
* [[Fixed ratio method]]
* [[Forum on Harmful Tax Practices]]
* [[G20]]
* [[Hybrid mismatch arrangement]]
* [[Organisation for Economic Co-operation and Development]]
* [[Tax avoidance]]
* [[Transfer pricing]]
* [[Worldwide interest cap]]
 
 
===Other links===
 
*[[Media:BEPS_report_2013.pdf|OECD Action Plan on Base Erosion and Profit Shifting 2013]]
*[[Media:2015_10_Oct_-_Walk_the_line.pdf| Walk the line, The Treasurer, 2015]]


[[Category:Accounting,_tax_and_regulation]]
[[Category:Accounting,_tax_and_regulation]]
[[Category:The_business_context]]
[[Category:Corporate_finance]]
[[Category:Investment]]
[[Category:Long_term_funding]]
[[Category:Compliance_and_audit]]
[[Category:Ethics]]
[[Category:Identify_and_assess_risks]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Risk_reporting]]
[[Category:Financial_products_and_markets]]
[[Category:Trade_finance]]

Latest revision as of 11:02, 27 January 2022

Sustainability - sustainable development - UK - HM Treasury - green finance instruments - sovereign green bond.

Green gilts are UK sovereign green bonds.


See also


External link

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