On February 3, 2015, TEI submitted comments to the OECD regarding its BEPS public discussion draft entitled BEPS Action 4: Interest Deductions and Other Financial Payments. TEI’s comments focused on the administrative difficulties multi-national companies would have in complying with the various interest limitation options proposed in the OECD discussion draft. In particular, the Institute noted that in certain circumstances the interest limitation would disadvantage multi-national companies as compared to domestic competitors in a similar position.
TEI’s comments were prepared under the aegis of TEI’s European Direct Tax Committee, whose chair is Nick Hasenoehrl. Benjamin R. Shreck, TEI Tax Counsel, coordinated the preparation of TEI’s comments.