The OECD today announced that Djibouti has pledged to work alongside other nations on the continuing the work of the OECD/G20 base erosion profit shifting (BEPS) project, becoming the 97th member of the “Inclusive Framework on BEPS.”
The BEPS plan is designed assist countries fight multinational group tax avoidance, providing internationally agreed-to domestic and international instruments to better align taxing rights with economic activity.
Djibouti will join other countries, pledging to implement the BEPS minimum standards agreed to by OECD and G20 nations in October 2015 and assist in developing further standards to address remaining BEPS issues.
Djibouti also joined the Global Forum on Transparency and Exchange of Information for Tax Purposes, becoming its141st member, the OECD said.
