On 20 June 2016, the Hong Kong government announced that it will join the inclusive framework as an Associate for the global implementation of the BEPS Project measures. As a BEPS Associate, Hong Kong is committed to the comprehensive BEPS Package, including the four minimum standards, which 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…