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By Oliver R. HOOR, Keith O’DONNELL, Atoz*
On 24-25 November 2016, more than 100 countries (including Luxembourg) adopted the text of a Multilateral Instrument (MLI) aiming at the implementation of tax treaty-related measures deriving from the OECD Base Erosion and Profit Shifting (BEPS) Project and the text of a related Explanatory Statement. The MLI foresees a multitude of options and alternatives for participating countries that can, apart from a few measures that are considered to be the minimum standard, freely pick and choose which measures they want to adopt. This article provides an overview of the MLI and considers what choices Luxembourg should make in order to remain attractive for international investments.
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