On 11 February 2015, the OECD published comments received in response to the public discussion draft on the Base Erosion and Profit Shifting (BEPS) Project Action 4: Interest Deductions and Other Financial Payments.
The Action 4 discussion draft focuses on the need to address BEPS resulting from using deductible payments such as interest that can give rise to double non-taxation in both inbound and outbound investment scenarios. It examines existing approaches to tackling these issues and set…