8 June 2017
68 countries signed the BEPS multilateral convention on Wednesday 7 June. Its effect is to amend the hundreds of double tax treaties between those countries to introduce new anti-avoidance rules. After years of uncertainty we finally know which countries are opting for which variant of the proposed rules, and therefore which investments are likely to be adversely affected.
This briefing summarises the impact of the new rules on cross-border debt and equity investment and – in particular – withholding tax.