The OECD published in June a Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI) instrument to facilitate the implementation of the results of the Base Erosion and Profit Shifting project in different countries from many continents under the conditions of existing relatively different bilateral treaties.

The tax jurisdictions of 70 countries signed the document and many others expressed their intention to join the signatories. This action should help to make changes to reduce the phenomenon of double taxation.