CLC attended international tax event

The online international conference of the Tax Committee of the International Bar Association was held on 13 November 2020.

Farid Nabili, Managing Partner of Caspian Legal Center co-chaired the second panel on MLI Convention and domestic avoidance rules as member of IBA Tax Committee from Azerbaijan. He discussed domestic avoidance rules in non-party countries to the MLI Convention (Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting) in the case of Azerbaijan’s domestic anti-avoidance rules and practice, including principal purpose test.

Other co-chairs and participants from the USA, Germany, Argentina and other countries made speeches on the practical impacts of joining MLI Convention vis-à-vis domestic anti-avoidance rules.