What is the impact of the MLI on the worldwide network of tax treaties?

The number of jurisdictions that have already signed the MLI or that have expressed their intention to sign the MLI is already impressive, and the MLI will accordingly modify a significant and growing number of treaties. Signatories include developed and developing jurisdictions, including financial centres and treaty-shopping hubs. With a large number of treaties covered and with key countries included, treaty-shopping structures will come to an end as the anti-abuse provisions are introduced in the treaty networks of treaty-shopping hubs.