The OECD Inclusive Framework gains another member, with the northwestern Africa country of Mauritania joining as the 141st member, according to a November 4 OECD release.
Mauritania is also joining the October 8 global tax pact relating to the adoption of a minimum tax and new profit allocation rules, bringing the total number of countries signing onto that deal to 137. Four Inclusive Framework members have not endorsed the deal – Kenya, Nigeria, Pakistan, and Sri Lanka.
Mauritania is the first to join the Inclusive Framework since Togo joined in August. It is the latest to join the global tax pact since Estonia, Hungary, and Ireland joined during the negotiations leading up to the October 8 agreement.
The Inclusive Framework enables smaller countries to engage in global talks with the OECD/G20 on measures related to tackling tax avoidance and addressing tax issues connected with the digital economy. To become a member, countries must commit to implement the base erosion and profit shifting (BEPS) package, including minimum standards on issues related to tax treaty abuse, harmful tax practices, country-by-country reporting, and dispute resolution.
Be the first to comment