Treaty Shopping

One step before the end of Treaty Shopping

The adoption of the multilateral instrument (MLI) as part of the OECD's BEPS project by many jurisdictions worldwide forces them to put measures to prevent the misuse of their existing bilateral tax treaties.

BEPS Project

Many developments in international taxation have occurred in recent years, mostly as a result of the OECD/G20 Base Erosion and Profit Shifting initiative, also known as BEPS Project.

In relation to the above, the Multilateral Convention might be viewed as a global mechanism for updating bilateral double tax treaties.

Since the convention's wording was decided in November 2016, 99 jurisdictions have signed it, with more governments indicating their wish to do so.