Regarding BEPS (Base Erosion and Profit Shifting) Multilateral Instrument, consider the following statement:
1. It is an agreement put out by the OECD to prevent base erosion and profit shifting (BEPS).
2. It provides a quick and easy way to amend bilateral treaties without the need to negotiate protocols with each individual country.
3. It will help them crack down on the abuse of bilateral tax treaties and treaty shopping.
How many of the statements given above are correct?
1
Only one
2
Only two
3
All three
4
None