ABSTRAK
Penelitian ini bertujuan untuk menganalisis skema hybrid financial instrumentsdalam penghindaran pajak internasional, menganalisis ketentuan pencegahanpenghindaran pajak dalam UU Nomor 36 Tahun 2008 atas hybrid financialinstruments, serta potensi penerapan rencana aksi 2 BEPS dalam ketentuanpencegahan penghindaran pajak. Pendekatan pada penelitian ini adalah kualitatifdengan analisis deskriptif. Hasil penelitian menunjukan bahwa penggunaan skemahybrid financial instruments sebagai penghindaran pajak internasional karenamodal dan utang serta efeknya dividen atau bunga menjadi tidak netral dalampengenaan pajaknya. Ketentuan pencegahan penghindaran pajak dalam UU Nomor36 Tahun 2008 belum mengatur secara spesifik atas transaksi hybrid financialinstrument dan belum efektif untuk mencegah penghindaran pajak hybrid financialinstrument.

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ABSTRACT
The objective of this study is to analyze the hybrid financial instruments in therespect of tax avoidance on cross-border transactions, to analyze the anti-taxavoidance rule in the Act No. 36 of 2008 in an effort to anticipate the tax avoidancehybrid financial instruments, as well as to analyze the potential implementation ofthe action plan 2 BEPS on anti-tax avoidance rule. The approach in this study isqualitative with descriptive analysis. The results showed that hybrid financialinstruments use as international tax avoidance, especially by multinationalcompanies as capital and debt and its effect later to dividends or interest it becomesneutral in tax imposition. The anti-tax avoidance rule in the Act No. 36 of 2008 hasnot been set up specifically on hybrid financial instrument transactions and noteffective yet to prevent tax avoidance of hybrid financial instrument.