On 7th June, 67 countries – including all EU member states – signed the so-called Multilateral Instrument (MLI). The USA refused to sign. Mauritius, Switzerland and the UK signed, but have taken different positions on certain elements.
Supporters of the MLI claim that it will increase the proceeds from taxes by at least $100 billion. Tax advisors may need to check how the agreement will affect the tax treaties their clients use, and whether there is a need to look into alternative ways of structuring.Click here to learn more.
