Six more countries
(Barbados, Côte d’Ivoire, Jamaica, Malaysia, Panama and Tunisia) sign the BEPS
Multilateral Convention, bringing the total number of signatories to 78;
Further, four more jurisdictions (Algeria, Kazakhstan, Oman and Swaziland)
express their intent to sign the Convention while a number of other
jurisdictions are actively working towards signature by June 2018; OECD press
release further updates that “ four jurisdictions – Austria, the Isle of Man, Jersey
and Poland – have ratified the Convention, which will enter into force three
months after a fifth jurisdiction deposits its instrument of ratification.”;
Elated with this development, OECD Secretary-General Angel Gurría remarks
that “Today’s signing of the multilateral convention is another major step
towards updating the international tax rules through the swift implementation
of the BEPS package”
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