UK HMRC has published the synthesized text of the 2006 income and capital tax treaty with Japan as impacted by the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI). The synthesized text was prepared in consultation with the competent authority of Japan and represents a shared understanding of the modifications made to the Convention by the MLI. The UK version is largely in line with the synthesized text recently published by Japan's Ministry of Finance, although there are differences in the effective dates for the UK. According to the UK's synthesized text,...