What's next for BEPS: The multilateral instrument
RECORDED WEBCAST |
The base erosion and profit shifting (BEPS) Action Plan continues to develop and evolve, requiring globally active companies to respond promptly to new developments. To facilitate rapid adoption of tax treaty measures established as part of the BEPS project (Action 15), the Organisation for Economic Co-operation and Development (OECD) announced the multilateral instrument (MLI), which will allow participating countries to incorporate into their domestic law Action 15 proposals without the need to renegotiate existing treaties with other countries individually.
With the MLI expected to be ready for signatures by participating countries early in 2017, companies need to consider how they will be affected by these new rules.
RSM international tax professionals will explain the multilateral instrument and how the United States may react during the next program in our BEPS webcast series.