Canada has been an active participant in the base erosion and
profit shifting project, a project of the Organisation for Economic
Co-operation and Development (OECD) and the G20, for a number of
years and has generally supported the OECD's action plan on
base erosion and profit shifting.
As defined by the OECD, base erosion and profit shifting (BEPS)
generally refers to tax planning strategies that exploit gaps and
mismatches in national tax laws to shift profits to low- or no-tax
locations where there is little or no economic activity.
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