The COVID-19 pandemic has had an abrupt impact on the world’s economy. A year of economic development has been turned on its head as whole countries lockdown in a bid to contain the spread of the virus.
The OECD first created the Base Erosion and Profit-Shifting (BEPS) action plan in 2016. Guidelines were initially adopted by 82 countries. Today, over 140 countries operate in line with the BEPS action plan.