AbstractWe live in a large society. Since the Peloponnesian War the world has traveled much further. The principles of fair play and justice are used in international relations. If we admit that fair play is the significant element in international relations, then national interest also exerts a powerful force. The question is whether it is possible for countries in the globalized world to enter into collaborative rather than competitive coexistence. Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Shouldn't Be Banned"? Get an original essay The OECD has developed many action plans. One of them is BEPS. BEPS was launched during the 2008 financial crisis. It aimed to reformulate the international fiscal framework and create value from the economic activities carried out. India signed the treaty along with other developing countries on June 7, 2017. It has envisaged a new era for cross-border businesses with regards to taxation. Includes the United Kingdom, Canada, Germany, India, Italy and Russia. Even many major partners, for example India and Germany, have not notified the signing of the MLI in their India-Germany double tax avoidance agreement. The impact will change the way upcoming investments in India are structured particularly by requiring mandatory amendment of bilateral tax treaties for application of certain minimum standards in case of bilateral treaties. This will lead to problems for businesses that rely on subjective enforcement. This will lead to increased levels of uncertainty. The new rules of India's General Anti-Tax Avoidance Rules will reduce comfort while doing business due to lack of clarity on the applicability of the provisions. Differently clear on many aspects, as the failure to involve taxpayers in the discussion has led to structural gaps. and outgoing perspective to assess the impact the MLI will have on business operations in India. Mechanism of the MLI The provisions of the MLI will apply to countries which have: The MLI will apply only to those countries: Which have signed the MLI Have ratified it in accordance with their national legislation MLI has entered into force after the lapse of three months fromReservations with respect to non-mandatory or optional provisions A party to the MLI has the right to reserve the provisions of the MLI: to its tax treaties covered in their entirety; or a subset of the covered tax treaties. Optional provisions The MLI in many cases allows a Party to choose between alternative provisions intended to address the same issue. For example, Article 13 of the MLI deals with “Artificial Avoidance of Permanent Establishment Status through Specific Activity Exemptions” provides that parties must opt ​​for option A or option B to amend their CTAs. One of the options will apply to a CTA only when both treaty partners have chosen that option. Compatibility Clauses Please note: This is just an example. Get a custom paper from our expert writers now. Get a Custom Essay The MLI has some compatibility clauses. These define the relationship between the MLI and the provisions of a CTA. These are intended to address overlaps or conflicts between the provisions of the MLI and the provisions of a CTA.