BEPS implementation seen clashing with domestic laws

Experts say there are several hurdles for Indian govt to implement agreement

Although India has signed the multilateral instrument (MLI) to curb tax evasion as a part of the Organisation for Economic Co-operation and Development (OECD), lawyers and tax experts see implementation hurdles.

According to them, several provisions of the instrument are not maintainable under domestic laws. Further, even the implementation of the basic structure of MLI would need amendments to the current law.

Last month, Union Finance Minister Arun Jaitley signed the MLI along with 100 other countries in Paris. The basic idea of the instrument is to curb tax evasion by multinational companies (MNCs) that exploit the lacunae in the