OECD releases a discussion draft on interest in the banking and insurance sectors (BEPS Action 4)

  • By A&S
  • July 28, 2016
  • News

On July 28, 2016, the OECD released a discussion draft on approaches to address base erosion and profit shifting involving interest in the banking and insurance sectors. The final version of the report on Action 4 (Limiting Base Erosion Involving Interest Deductions and Other Financial Payments) set out a…

read more

OECD releases a discussion draft on the Group Ratio Rule (OECD BEPS Action 4)

  • By A&S
  • July 12, 2016
  • News

On July 11, 2016, the OECD released a discussion draft on elements of the design and operation of the Group Ratio Rule with respect of interest deduction limitations. The final version of the report on Action 4 (Limiting Base Erosion Involving Interest Deductions and Other Financial Payments) includes a…

read more

Member States agree on Anti Tax Avoidance Package

  • By A&S
  • June 21, 2016
  • News

On June 21, 2016, the Member States of the European Union agreed on their general approach for far-reaching new rules to eliminate the most common corporate tax avoidance practices, also known as the Anti Tax Avoidance Package. First proposed by the European Commission in January 2016, the measures in…

read more

European Parliament calls for crackdown on corporate tax avoidance

  • By A&S
  • June 9, 2016
  • News

On June 8, 2016, the European Parliament voted on a resolution welcoming the EU Commission proposal for an EU anti-tax avoidance directive. The anti-tax avoidance directive reflects the OECD’s action plan to limit tax base erosion and profit shifting (BEPS) and follows earlier recommendations made by the Parliament. The…

read more

Norwegian government presents 2016 budget and a white paper on potential BEPS measures

  • By A&S
  • October 11, 2015
  • News

On October 7, 2015, the Norwegian government presented the 2016 budget which includes several relevant changes to the current corporate income tax provisions. Under the proposed budget, the corporate income tax (CIT) rate would be reduced from current 27 % to 25 % in 2016, with a further reduction to 22 % being announced…

read more