OECD Announces that Work on the BEPS Multilateral Instrument is Underway

The OECD recently issued a release announcing that work on the Multilateral‎ Instrument to implement the tax treaty-related measures developed as part of the Base Erosion and Profit Shifting (BEPS) Project began on 27 May 2015 in Paris. The development of a Multilateral Instrument follows the report produced as part of Action 15 of the BEPS Project, which looked at the feasibility of developing and employing such an instrument to implement the tax treaty-related measures.

During the 27 May m…