Turning the Tide: OECD’s Multilateral Instrument Has Been Signed

    View Authors July 2017

    On 7 June 2017, representatives from 68 jurisdictions – including 17 members of the G20 – convened at the Paris office of the Organisation for Economic Cooperation and Development to sign the Multilateral Convention to Implement Tax Treaty related measures to prevent Base Erosion and Profit Shifting. Two jurisdictions subsequently signed, seven have expressed an intention to sign and others are understood to be “actively working towards signature.”

    This article discusses what may be, despite the numerous challenges ahead, one of the most influential developments in international tax law in decades.