$2-$ Global formulary apportionment has emerged as a potential alternative to the Arm's Length Principle in the realm of international taxation. Formulary apportionment entails allocating multinational enterprises' profits among different jurisdictions based on predetermined formulas, rather than relying solely on arm's length transactions.

Therefore, exploring alternative approaches like formulary apportionment is essential in the ongoing efforts to combat BEPS.

Critically present your comments to the text exploring how the principles could present the BEPS erosion of a country tax base