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Comments provided on OECD’s BEPS discussion draft

Insurance Europe has commented on an Organisation for Economic Co-operation and Development's (OECD) Base Erosion and Profit Shifting (BEPS) discussion draft, regarding interest deductions and other financial payments.

In its response, Insurance Europe agrees with the OECD that existing regulatory requirements already act as an effective limitation rule for the insurance sector. Therefore, Insurance Europe’s first preference would be for insurance company interest to be excluded from the scope of BEPS action 4.

While supporting the overall aims of the OECD BEPS Action Plan, Insurance Europe did, however, voice concerns on a number of issues.

Published 9 February 2015
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Alexandru Ciungu
Alexandru Ciungu
Policy advisor, macroeconomics & taxation