Finance Minister Schäuble signed the OECD Multilateral Instrument (MLI) on 7 June 2017 in Paris. The MLI instrument represents a vital step forward in the fight against base erosion and profit shifting (BEPS) and is a remarkable consensus agreed upon by OECD and G20 countries alike.
About 70 countries at all levels of development have signed this Multilateral Instrument (MLI) at the OECD Centre in the presence of Secretary-General OECD at the same time. A number of jurisdictions have also expressed their intention to sign the MLI as soon as possible and other jurisdictions are also actively working towards participation in the multilateral instrument.
