Meanwhile in the World of Tax (a Multilateral Treaty to be Implemented through Existing Bilateral Accords)

On 7 June 2017, over 70 Ministers and other high-level representatives participated in the signing ceremony of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (“Multilateral Instrument” or “MLI”). The MLI is described by the OECD as providing a mechanism for governments to close the gaps in existing international tax rules by transposing results from the OECD/G20 BEPS Project into bilateral tax treaties worldwide. The OECD notes that it “also implements agreed minimum standards to counter treaty abuse and to improve dispute resolution mechanisms while providing flexibility to accommodate specific tax treaty policies.” More information to be found here.  My colleagues Itai Grinberg & Joost Pauwelyn have also offered an extremely useful interdisciplinary analysis for ASIL here.