Meanings of multilateral convention in English

That free-for-all will end if an OECD proposal to replace dual tax-treaty networks with a multilateral convention is adopted.

Around 45 countries have already signed the OECD's multilateral convention, although Singapore's rival wealth management centres Switzerland and Hong Kong have not.

Cameron has also asked them to sign up to the OECD's Multilateral Convention on Mutual Assistance in Tax Matters before the G8 meeting.

Some forty multilateral conventions are renewed between Germany and the allied and associated powers, but special conditions are attached to Germany's readmission to several.