On 7 June 2017, 76 countries and jurisdictions signed or formally expressed their intention to sign an innovative multilateral convention that will swiftly implement a series of tax treaty measures to update the existing network of bilateral tax treaties and reduce opportunities for tax avoidance by MNEs.Read more
The OECD's Committee on Fiscal Affairs consults with business and other interested parties through a variety of means to inform its work in the tax area. One important way of obtaining such input is through the release of papers or discussion drafts for public comment.Read more
Sustained progress demonstrated in the latest OECD peer review results on the prevention of tax treaty shopping21 March 2023
Mexico deposits its instrument for the ratification of the Multilateral BEPS Convention15 March 2023
Mongolia signs landmark agreement to strengthen its tax treaties and South Africa deposits an instrument for the ratification of the Multilateral BEPS Convention6 October 2022
Bulgaria deposits an instrument for the ratification of the Multilateral BEPS Convention16 September 2022
Lesotho deposits an instrument for the ratification of the Multilateral BEPS Convention28 July 2022
With tax having played an important role in the response to the coronavirus (COVID-19) pandemic, the OECD outlined a range of tax measures governments could adopt to curb the economic fallout of the crisis.
Strengthening tax treaties to fight tax avoidance
Since June 2017, nearly 80 countries have signed a new Multilateral Convention developed as part of the BEPS Project. The Convention will enable governments to swiftly update their networks of existing tax treaties and further reduce opportunities for tax avoidance. The Convention is expected to enter into force in mid-2018.
Eliminating treaty shopping
The OECD/G20 BEPS Project provides governments with solutions for closing the gaps in existing international rules, that currently allow corporate profits to “disappear” or be artificially shifted to low/no tax environments, where little or no economic activity takes place.