How does the multilateral convention (MLC) impact Indian businesses? The MLC will primarily impact those multinational enterprises that are using low-tax jurisdictions and favourable treaty shopping to minimise their tax liability in their global operations. Rakesh Nangia, Managing Partner in an interaction with Business Standard sharing his views on How does the multilateral convention (MLC) impact Indian businesses? Rakesh Nangia - Nangia & Co LLP BEPS Effect