OECD Issues Public Discussion Draft on BEPS Involving Interest in the Banking and Insurance Sectors

On 28 July 2016, the OECD issued a public discussion draft on approaches to address BEPS involving interest in the banking and insurance sectors. The discussion draft has been issued as part of the follow-up work for BEPS Project Action 4 (Limiting Base Erosion Involving Interest Deductions and Other Financial Payments). The draft focuses on:

• The risks posed by banking and insurance groups to be addressed under Action 4;
• Approaches to address risks posed by banks and insurance companies; and…