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INTERNATIONAL TAX SYSTEM : A SIGNING CEREMONY FOR A TAX TREATY TO PREVENT BASE EROSION & PROFIT SHIFTING BY MNEs TO BE HELD IN JUNE 2017 IN PARIS.

 

 

Countries adopt multilateral convention  to close tax treaty loopholes and improve functioning of international tax system

More than 100 jurisdictions have concluded  negotiations on a multilateral instrument that will swiftly implement a series of  tax treaty measures to update international tax rules and lessen the opportunity for tax avoidance by multinational enterprises.

The new instrument will transpose results from the OECD/G20 Base Erosion and Profit Shifting Project (BEPS) into more than 2 000 tax treaties worldwide. A signing ceremony will be held in June 2017 in Paris.