base erosion payment
Defined in 1 place of the United States Code.
The term "base erosion payment" means any amount paid or accrued by the taxpayer to a foreign person which is a related party of the taxpayer and with respect to which a deduction is allowable under this chapter.
Source
- 2017–present26 U.S.C. § 59AInternal Revenue Code · Environmental tax · for purposes of this section