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Student Selection Info Session 27th & 28th November 2023North American Bat Conservation AllianceWhat is GBatNet?North American Bat Conservation AllianceShared Vision: Sustainable bat diversity in
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The global union of BAT (Base Erosion and Profit Shifting) refers to the framework put forth by the OECD to combat tax avoidance by multinational companies through strategies that shift profits from higher-tax jurisdictions to lower-tax ones.
Multinational corporations and certain domestic entities that meet specific revenue thresholds and conduct cross-border transactions are required to file the Global Union of BAT.
To fill out the Global Union of BAT, entities must provide detailed financial information, including revenue, expenses, and tax liabilities across different jurisdictions. This usually involves completing standardized forms and disclosing relevant financial data for each country of operation.
The purpose of the Global Union of BAT is to increase transparency in the taxation of multinational enterprises and to ensure that profits are taxed where economic activities occur, thereby reducing tax avoidance and evasion.
Entities must report information such as revenue, profit before tax, income tax paid, stated capitals, accumulated earnings, and other related financial information categorized by country.
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