The Implementation and Lasting Effects of the Multilateral Instrument

This book provides an overview of the positions and experiences of 34 select countries with regard to the impact of the MLI on their tax treaty network.

Why this book?

Action 15 of the BEPS Project “The Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting” – the Multilateral Instru­ment (MLI) – is a multilateral convention that swiftly modifies the application of exist­ing bilateral tax treaties without the need to renegotiate each treaty individually. It does not replace the existing tax treaties but rather modifies their application with the aim to reduce the opportunities for tax avoidance by multinational enterprises, counter treaty abuse and improve the dispute resolution mechanism, providing flexibility according to the different treaty policies and positions chosen by countries. The MLI was finalized in November 2016, and a first signing ceremony was held in Paris on 6 June 2017. A total of 76 jurisdictions signed it at this first ceremony. In the meantime, it has grown to cover almost 100 jurisdictions. The aim of this book is to provide tax authorities, policymakers, courts and practitioners with an overview of the countries’ positions and experiences re­garding the impact of the MLI on their tax treaty network, as well as other issues on the implementation of the convention with respect to policy options, reservations, and legal and constitutional concerns.

The book comprises 34 national reports from countries across the globe and is the out­come of an alternative non-physical interaction between national reporters and authors. This was due to the special COVID-19 situation lived during 2020, serving as a substitute for the prepared conference on the MLI that should have taken place from 2 to 4 July 2020 in Rust, Burgenland, Austria. A general report highlights the most important findings.

This book is part of the WU Institute for Austrian and International Tax Law - Tax Law and Policy Series

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Editor(s)

Georg Kofler, Michael Lang, Jeffrey Owens, Pasquale Pistone, Alexander Rust, Josef Schuch, Karoline Spies and Claus Staringer are professors at WU Vienna University of Economics and Business, Institute for Austrian and International Tax Law.

Assistant editor(s)

Martin Klokar and Cristóbal Pérez Jarpa are teaching and research associates at WU Vienna University of Economics and Business, Institute for Austrian and International Tax Law.

Contributor(s)

José Manuel Almudí Cid, Muhammad Ashfaq Ahmed, Kristiina Äimä, Susi Baerentzen, Joseph Jack Bogle, František Bonk, Frederik Boulogne, Catherine Anne Brown, Arthur Brunner, Svitlana Buriak, Nevia Čičin-Šain, Stephen Daly, Christina Dimitropoulou, Caroline Docclo, David Dominguez, Marilena Ene, Clémence Garcia, Stefanie Gombotz, Jorge Ferreras Gutiérrez, Guilherme Galdino, Johann Hattingh, Pablo Andrés Hernández González-Barreda, Gordana Ilić-Popov, Matej Kačaljak, Petra Kamínková, Elena Kilinkarova, Christian Knotzer, Jiří Kostohryz, Aki Kokko, Richard Krever, Krzysztof Lasiński-Sulecki, Ivan Lazarov, Dalibor Legac, Na Li, Paolo Ludovici, Xiangdan Luo, Henri Lyyski, Željko Martinović, Nikolai Milogolov, Rahmat Muttaqin, Joy Ndubai, Noam Noked, Anggi Padoan Ibrahim, Cristóbal Pérez Jarpa, Prerna Peshori, Pasquale Pistone, Dejan Popović, Ashrita Prasad Kotha, Ewa Prejs, Kerrie Sadiq, Luis Eduardo Schoueri, Moritz Seiler, Daniel Smit, Marco Striato, Mari Takahashi, Axel Verstraeten, Craig West, Viktoria Wöhrer, Felipe Yáñez, Lidija Živković.