International briefing for May 2016

After a relatively quiet month for the OECD base erosion and profit shifting (BEPS) project last month things seem to be picking up again now. The OECD has announced the dates for three new BEPS related consultations. Two of the planned discussion drafts relate to Action 4 (interest deductions) the first considering the design and operation of the group ratio rule (to be issued 6 July with the consultation period running until 3 August) and the second covering approaches to BEPS involving interest in the banking and insurance sectors (to be issued 18 July with the consultation period running until 29 August). A third consultation will consider hybrid mismatch arrangements for branches and this discussion draft will be issued on 15 July with the consultation period running until 29 August.

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