The 2012 G20 Los Cabos summit tasked the OECD to develop a '' BEPS Action Plan '' , which 2013 G-20 St. Petersburg summit approved . The project is intended to prevent multinationals from shifting profits from higher - to lower-tax jurisdictions . An OECD BEPS Multilateral Instrument , consisting of '' 15 Actions '' designed to be implemented domestically and through bilateral tax treaty provisions , were agreed at the 2015 G20 Antalya summit
2015 G20 Antalya summit
2015 G20 Antalya summit
Base erosion and profit shifting