The data continues to point to the existence of base erosion and profit shifting (BEPS), although there have been some modest signs of reduction in recent years, as the OECD pointed out in its annual report on corporate tax statistics, published on Thursday 11 July.
As a reminder, BEPS occurs when multinationals transfer their profits to places where tax is low or non-existent and where they have little or no economic activity, or when they erode tax bases through deductible payments such...