Russia joins BEPS MLI to address tax avoidance

Russia has joined the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI), the OECD announced on June 18.

Russia becomes the 88th jurisdiction to join the pact,  which is designed to reduce opportunities for multinational firm profit shifting and improve cross-border tax dispute resolution.  The MLI will enter into force for Russia on October 1.

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