Monday, July 9, 2018
At the OECD Headquarters in Paris, H.E. Ambassador Alar Streimann, Ambassador Extraordinary and Plenipotentiary of Estonia to the OECD, signed Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the Multilateral Instrument) in the presence of Masamichi Kono, Deputy Secretary-General of the OECD. Estonia becomes the 82nd jurisdiction to join the MLI. Estonia’s signature follows the signatures by Kazakhstan, Peru and the United Arab Emirates earlier this week.
Also today, the United Kingdom deposited its instrument of ratification for the Multilateral Instrument with the OECD. Joining eight jurisdictions that previously ratified, the United Kingdom demonstrates its strong commitment to prevent the abuse of tax treaties and base erosion and profit shifting (BEPS) by multinational enterprises.
The text of the Convention, the explanatory statement, background information, database, and positions of each signatory are available at http://oe.cd/mli.