The OECD has released an updated version of the 2015 BEPS Action 4 Report, which includes further guidance on two areas: the design and operation of the group ratio rule, and approaches to deal with risks posed by the banking and insurance sectors.
[Press Release](http://www.oecd.org/tax/oecd-releases-additional-guidance-on-action-4-of-the-beps-action-plan-to-curb-international-tax-avoidance.htm?utm_source=Adestra&utm_medium=email&utm_content=Read%20the%20press%20release&utm_campaign=Tax%20News%20Alert%2022-12-2016&utm_term=demo)
[Report](http://www.oecd.org/tax/beps/limiting-base-erosion-involving-interest-deductions-and-other-financial-payments-action-4-2016-update-9789264268333-en.htm?utm_source=Adestra&utm_medium=email&utm_content=Access%20the%20report&utm_campaign=Tax%20News%20Alert%2022-12-2016&utm_term=demo)