On 24 November 2016, the OECD announced that negotiations have concluded for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). The MLI was developed by an ad hoc group of over 100 countries as part of BEPS Action 15.

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More than 100 jurisdictions have concluded negotiations on a multilateral instrument that will swiftly i…