On 31 May 2016, the OECD issued a public discussion draft on the Multilateral Instrument to implement the tax-treaty related measures of the BEPS Project. The Multilateral Instrument is being developed by an Ad Hoc Group of 96 countries, and will provide for a consistent and efficient implementation of the measures, which would otherwise require separate negotiations to amend each of the thousands of existing bilateral tax treaties. The particular BEPS measures to be implemented include:
- Th…