The Treasury received 8 submissions in response to Australia’s adoption of the OECD Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (the Multilateral Instrument).
The Multilateral Instrument was released by the Organisation for Economic Cooperation and Development (OECD) on 24 November 2016 and is a multilateral treaty that will enable jurisdictions to swiftly modify their bilateral tax treaties to implement measures designed to better address multinational tax avoidance. These measures were developed as part of the OECD/G20 Base Erosion and Profit Shifting (BEPS) project.
In response to this treaty, the Treasury had conducted a consultation on its potential impacts to Australia.
The submissions are now public and can be found here.
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