The Base Erosion and Profit Shifting (BEPS) project was launched by the Organisation for Economic Co-operation and Development (OECD) in response to increasing concerns about tax avoidance strategies employed by multinational enterprises. These strategies allowed companies to shift profits from high-tax jurisdictions to low- or no-tax jurisdictions, resulting in significant revenue losses for governments worldwide. The initiative was largely influenced by the United States’ need to recover from the financial crisis, leading it to push for a global framework to curb aggressive tax planning.