The BEPS Action Plan refers to a set of 15 actions developed by the Organisation for Economic Co-operation and Development (OECD) to address tax avoidance strategies that exploit gaps and mismatches in tax rules. The plan aims to ensure that profits are taxed where economic activities occur and value is created, promoting fairness in the global tax system. The BEPS initiative focuses on issues such as transfer pricing, harmful tax practices, and the digital economy. By implementing these actions, countries can work together to combat tax avoidance, enhance transparency, and create a more equitable tax environment for businesses and governments alike.