The OECD, today, released three Base Erosion and Profit Sharing (BEPS) discussion drafts:

  • Interest Deductions and Other Financial Payments, which provides different options for approaches to prevent base erosion and profit shifting using interest and financial payments which are economically equivalent to interest 
  • Make Dispute Resolutions Mechanisms More Effective, which identifies obstacles that prevent countries from resolving treaty-related disputes through the mutual agreement procedure (MAP) and possible measures to address the obstacles 
  • International VAT/GST Guidelines, which provides guidelines on the place of taxation for business-to-consumer supplies of services and intangibles and provisions on supporting the guidelines in practice