Next Article in Journal
The Use of Parallel Computing to Accelerate Fire Simulations for Cultural Heritage Buildings
Next Article in Special Issue
Sustainability Assessment Based on Integrating EKC with Decoupling: Empirical Evidence from China
Previous Article in Journal
Role of Energy Conservation and Management in the 4D Sustainable Energy Transition
Previous Article in Special Issue
Assessment of Resident Happiness under Uncertainty of Economic Policies: Empirical Evidences from China
Open AccessArticle

Sustainability Assessment: Does the OECD/G20 Inclusive Framework for BEPS (Base Erosion and Profit Shifting Project) Put an End to Disputes Over The Recognition and Measurement of Intellectual Capital?

1
Faculty of Economics and Business Administration, University of Craiova, 200396 Craiova, Dolj, Romania
2
Department of Economics and Economic Policy, Economy I Doctoral School, Faculty of Theoretical and Applied Economics, The Bucharest University of Economic Studies, 010374 Bucharest, Romania
3
Department of Economic and Administrative Sciences, Faculty of Business and Administration, University of Bucharest, 030018 Bucharest, Romania
4
Department of Natural and Technological Hazards, The National Institute for Research and Development in Environmental Protection (I.N.C.D.P.M.), 060031 Bucharest, Romania
5
The National Institute for Research and Development Comoti Turbomotors, 061126 Bucharest, Romania
Sustainability 2020, 12(23), 10004; https://doi.org/10.3390/su122310004
Received: 20 October 2020 / Revised: 20 November 2020 / Accepted: 25 November 2020 / Published: 30 November 2020
(This article belongs to the Special Issue Sustainability Assessment)
Nowadays, sustainability assessment procedures, sustainability assessment indicators, and sustainability assessment models are regarded by specialists as powerful decision-supporting tools able to foster sustainable development worldwide by addressing the main economic, financial, social, and environmental challenges. In like manner, the role and relevance of intangible assets have managed to produce an irreversible change in today’s world which also seriously affected the general traits of our economic systems, leading to a phenomenon known by specialists as the “revolution of intangibles”. Over the last decades, the controversies regarding the recognition and measurement of intellectual capital (IC) have led, on the one hand, to the development of possible solutions and systems for calculating and disclosing the performance generated or stimulated by various components of IC, but, on the other hand, they have also been the main premise that favored the use of intangible assets, in general, and intellectual property (IP), in particular, the transfer of results and the reduction of the tax base by transferring income to tax havens or jurisdictions that do not tax these categories of assets. Against these aggressive methods of fiscal planning, the countries reacted unitarily and coordinated through the BEPS (Base Erosion and Profit Shifting Project) plan. Based on the country’s profile as well as on the results of the annual evaluations published by the OECD (Organisation for Economic Co-operation and Development), our study verifies whether there are premises for IP use for income transfer into favorable jurisdictions and whether the measures and solutions proposed by Action 5 of the BEPS end disputes over the recognition and evaluation of IC. In addition, our work presents a novel methodological framework for sustainability assessment, which focuses on establishing important connections between the recognition and measurement of intellectual capital, the role of sustainability assessment tools, and the implications of corporate social responsibility, since, these days, the real “values” associated with a country or business profile may be found in the intangible assets they possess. View Full-Text
Keywords: empirical research; capital structure; intellectual assets; intellectual capital; intellectual property; evaluation; measuring; erosion of the tax base; aggressive tax planning; accounting; economic and financial analysis; performance indicators; integrated assessment; sustainability assessment; sustainability; sustainable development; corporate social responsibility; quality; value empirical research; capital structure; intellectual assets; intellectual capital; intellectual property; evaluation; measuring; erosion of the tax base; aggressive tax planning; accounting; economic and financial analysis; performance indicators; integrated assessment; sustainability assessment; sustainability; sustainable development; corporate social responsibility; quality; value
Show Figures

Figure 1

MDPI and ACS Style

Popescu, C.R.G. Sustainability Assessment: Does the OECD/G20 Inclusive Framework for BEPS (Base Erosion and Profit Shifting Project) Put an End to Disputes Over The Recognition and Measurement of Intellectual Capital? Sustainability 2020, 12, 10004. https://doi.org/10.3390/su122310004

AMA Style

Popescu CRG. Sustainability Assessment: Does the OECD/G20 Inclusive Framework for BEPS (Base Erosion and Profit Shifting Project) Put an End to Disputes Over The Recognition and Measurement of Intellectual Capital? Sustainability. 2020; 12(23):10004. https://doi.org/10.3390/su122310004

Chicago/Turabian Style

Popescu, Cristina R.G. 2020. "Sustainability Assessment: Does the OECD/G20 Inclusive Framework for BEPS (Base Erosion and Profit Shifting Project) Put an End to Disputes Over The Recognition and Measurement of Intellectual Capital?" Sustainability 12, no. 23: 10004. https://doi.org/10.3390/su122310004

Find Other Styles
Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Article Access Map by Country/Region

1
Search more from Scilit
 
Search
Back to TopTop