The OECD undertakes several initiatives that are pertinent to business, including:
Base Erosion and Profit Shifting (BEPS): This initiative aims to close gaps in international tax rules that allow multinational enterprises to shift profits to low or no-tax locations. Anti-Bribery Convention: This legally binding international agreement focuses on combating the bribery of foreign public officials in international business transactions. Guidelines for Multinational Enterprises: These are non-binding principles and standards for responsible business conduct in areas such as human rights, labor rights, and the environment.