ON 25 June 2019, India deposited its instrument of ratification for Multilateral Convention to Implement Tax Treaty Related Measures to Prevent BEPS (MLI), along with the list of reservations and notifications.This article discusses the basic concepts of MLI, reason and the mechanism for implementation of MLI and India's position with respect to certain

THE BEPS project was started by the OECD to fix the current international tax system, which by OECD's own reckoning was not fit for purpose. The project was essentially directed at analysing the various ways that multinationals exploit the gaps and mismatches in different corporate tax regimes along with the bilateral tax treaties