OrbitaxOECD Updates BEPS Action 4 Report with Additional Guidance on the Design and Operation of the Group Ratio Rule and Banking and Insurance Sectors
|Approved Changes|OECD
On 22 December 2016, the OECD announced the release of an updated version of the BEPS Action 4 Report (Limiting Base Erosion Involving Interest Deductions and Other Financial Payments). The update provides additional guidance on two areas:
- The design and operation of the group ratio rule - The 2015 Action 4 Report set out a common approach to address BEPS involving interest and payments econo…
