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OECD Takes Stock Of International Efforts To Counter Treaty Abuse

by Ulrika Lomas, Tax-News.com, Brussels

30 March 2020


On March 24, 2020, the OECD has released a second update on the peer review process to assess countries' efforts to implement the BEPS Action 6 minimum standard on tackling tax treaty abuse.

The second peer review report (also available in French) reveals that a large majority of members of the OECD/G20 Inclusive Framework on BEPS (IF) are translating their commitment on treaty shopping into actions and are modifying their treaty network.

The report includes the aggregate results of the peer review and data on tax treaties concluded by each of the 129 jurisdictions that were IF members on June 30, 2019. The report recognizes the substantial progress that jurisdictions have made towards the implementation of the minimum standard.

The results of the peer review show that the BEPS multilateral instrument has been the tool used by the vast majority of jurisdictions that have begun to implement the minimum standard. The OECD said the MLI's impact is expected to increase quickly as jurisdictions ratify it and its coverage is also expected to increase as other jurisdictions with a large network of tax treaties are considering joining it.

TAGS: tax | transfer pricing | G20 | BEPS

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