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No more treaty shopping?

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No more treaty shopping?

Many global shipping companies face increased tax bills following coordinated international anti-avoidance measures. These will restrict companies’ potential for ‘treaty shopping’ – benefiting from tax relief available under double tax treaties without real commercial justification.

Sue Bill

The measures stem from the OECD’s Base Erosion and Profit Shifting (BEPS) initiative to combat tax avoidance.

Countries are signing up to a multilateral convention – known as the ‘Multilateral Instrument’ or ‘MLI’ – under which they commit to implementing tax treaty-related measures to prevent BEPS.

CONTACT: SUE BILL, Partner, Corporate Tax






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