Canada and Switzerland have deposited their instruments of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI), the OECD today announced.
The MLI enters into force for both countries on December 1.
With the addition of Canada and Switzerland, 33 countries have deposited their instruments of ratification or acceptance of the MLI with the OECD. Altogether, 89 countries have signed the multilateral treaty and six others have declared an intent to sign.
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