Economics · Public Finance

With reference to the OECD-G20 Base Erosion and Profit Shifting (BEPS) framework, consider the following statements: I. BEPS strategies enable multinational enterprises to exploit gaps and mismatches in tax rules to shift profits to low or no-tax locations. II. The fiscal impact of BEPS is relatively higher on developing countries due to their heavier reliance on corporate income tax revenues. III. The introduction of the Global Minimum Corporate Tax under Pillar Two has completely eliminated all corporate tax planning globally. How many of the above statements are correct?