In series:OECD/G20 Base Erosion and Profit Shifting Projectview more titles
Published on September 26, 2017
The final report on BEPS Action 14 "Making Dispute Resolution Mechanisms More Effective" identified a number of best practices related to the three general objectives of the Action 14 Minimum Standard.
These best practices are not part of the minimum standard and whether or not a jurisdiction has implemented the best practices has not been peer reviewed or monitored, nor has it affected the assessment of the assessed jurisdiction. However, jurisdictions were free, to identify best practices they have adopted and to request feedback from peers on the adoption of these best practices.
Action 14 develops solutions to address obstacles that prevent countries from solving treaty-related disputes under MAP, via a minimum standard in this area as well as a number of best practices. It also includes arbitration as an option for willing countries.