New Int'l Tax Rules May Affect US Cos.' Treaty Benefits
Law360, New York (June 7, 2017, 9:06 PM EDT) -- The U.S. has decided not to join a historic multilateral tax agreement among 76 countries to deter tax avoidance, but this does not mean that American multinational businesses won't be affected by changes to existing treaty provisions in other countries.
The landmark multilateral convention — the first of its kind among tax treaties that tend to be bilateral in nature — is one of the end products of a project to curtail base erosion and profit-shifting, or BEPS, initiated by the Organisation for Economic Co-operation and Development.
During an annual OECD forum in Paris on Wednesday, 68 countries officially signed the...
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