The OECD has announced that the Faroe Islands and Greenland have joined the Inclusive Framework for the global implementation of the BEPS Project, bringing the total number of participants to 127. As members of the Framework, the two jurisdictions have committed to the implementation of the four minimum BEPS standards, including 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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