In response to concerns raised during parliamentary debate, UK Financial Secretary to the Treasury Mel Stride has clarified the effect of the measure included in Finance (No.2) Bill 2017-19 for the implementation of the Multilateral Convention to Implement Tax Treaty Related Measures to prevent BEPS (MLI). According to Secretary Stride, Clause 32 of the Bill merely clarifies the existing power for giving effect to international tax agreements, thereby ensuring that Parliament can, if it chooses, give full effect to the MLI. After the Bill has become an Act, Parliament will have time to scrutinize the MLI, and giving it effect...