More Countries Are Fighting Tax 'Treaty Shopping,' OECD Says
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More Countries Are Fighting Tax 'Treaty Shopping,' OECD Says
On March 21, the OECD stated that efforts to prevent tax “treaty shopping” are gaining ground, with more countries implementing an OECD standard aimed at preventing it. More than 1,050 treaties reached by members of the Inclusive Framework, the group of 140 countries that have agreed to the 2021 global tax pact, complied with the OECD’s minimum standard against treaty shopping as of May 2022. Most countries are following the minimum standard by adopting a multilateral convention, or MLI, reached by the OECD’s Base Erosion and Profit Shifting Project.
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