ARTICLE · 06 JULY 2021

Tax Bites - July 2021

Reynolds Porter Chamberlain

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The conference of the parties to the multinational instrument (MLI) on base erosion and profit sharing (BEPS) approved an opinion which sets out the guiding principles, drawn from public international law,...

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Constantine Christofi

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New principles for interpreting the MLI

The conference of the parties to the multinational instrument (MLI) on base erosion and profit sharing (BEPS) approved an opinion which sets out the guiding principles, drawn from public international law, for how they might address questions on the interpretation and implementation of the MLI. The opinion places the interpretation of the MLI in the context of its purpose of implementing the tax-treaty-related BEPS measures and the policy objectives of those measures. The principles were approved on 20 May 2021, following approval of the opinion on 3 May 2021.

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