|
By Christophe De SUTTER, Partner Tax, Giedre TAMAI, Senior Manager Tax, and Adam KUNDRAT, Senior Tax, Deloitte Luxembourg
Signed by almost 90 countries and ratified by nearly 40, the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the MLI) is a treaty that aims to close gaps found in international tax rules through an automatic update of double tax treaties (DTT). The adoption of the MLI came as a result of the Base Erosion and Profit Shifting (BEPS) initiative by the OECD, the objective of which was to tackle tax avoidance. Implementation of the MLI was introduced as the action 15 of the 2015 BEPS action plan.
In Luxembourg, the MLI came...
|