On June 29, 2016, TEI filed a comment letter with the OECD regarding its request for input on Development of a Multilateral Instrument to Implement the Tax Treaty related BEPS Measures under Action 15 of the OECD’s base erosion and profit shifting (BEPS) project. The Institute's comments emphasized the need for flexibility in the multilateral instrument to reflect the concerns of the many jurisdictions that may sign the document and reiterated TEI's strong support for mandatory binding arbitration to settle the anticipated increase in mutual agreement procedure cases that may result from the BEPS project, among other things.
TEI's comments were prepared under the aegis of the Institute's European Direct Tax Committee, whose chair is Nick Hasenoehrl. Benjamin R. Shreck, TEI Tax Counsel, coordinated the preparation of the Institute's comments.