Conference on treaty shopping and tools for investment treaty reform
12 March 20188h30-18h00 OECD Conference Centre, Paris, France
The fourth annual OECD Investment Treaty Conference addressed treaty shopping -- a controversial investment treaty issue of policy interest for many governments and stakeholders -- and explored tools to help interested governments improve their investment treaty policies.
Treaty shopping is widespread in the current investment treaty system. Participants discussed methods used, impact, policy issues raised, relevant government treaty policies and other issues.
The conference also presented the innovative Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (MLI) to the investment policy community. The MLI was developed by an ad hoc group of over 100 countries to address tax treaty shopping and additional issues. This convention facilitates the swift and consistent implementation of internationally agreed measures into existing bilateral treaties and provides for modification of almost half of the over 3,000 bilateral tax treaties in force today.
A concluding session considered potential tools for reform based on the discussion and prior work by the Freedom of Investment Roundtable, and future steps.