As provided in the EU Council Conclusions on the list of non-cooperative jurisdictions in taxation matters (previous coverage), a number of countries have committed to joining the Inclusive Framework for the global implementation of the BEPS Project or to at least implement the BEPS minimum standards. The commitment is made, in part, to avoid inclusion in the EU's list.
The four minimum standards include those developed under Action 5 (Countering Harmful Tax Practices), Action 6 (Preventing Treaty Abuse), and Action 14 (Dispute Resolution), as well as Country-by-Country (CbC) reporting under Action 13 (Transfer Pricing Documentation.
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