Cabinet approves signing multilateral convention to curb BEPS (Relevant for GS Prelims, GS Mains Paper III)

The Union Cabinet approved the signing of multilateral convention to implement tax treaty related measures to prevent Base Erosion and Profit Shifting (BEPS). The proposed multilateral instrument is an outcome of the OECD/G20BEPS project to tackle base erosion and profit shifting through tax planning strategies that exploit gaps and mismatches in tax rules. The convention

... Continued.