Daily Tax Update - May 12, 2015: Interest Rates Updated for May

Interest Rates Updated for May:  Notice 2015-29 provides guidance on the corporate bond monthly yield curve, the 24-month average segment rates, the 30-year Treasury securities interest rate, and the minimum present-value segment rates.

OECD Discusses CFC Rules:  Today, the OECD held a public consultation to discuss strengthening controlled foreign company (CFC) rules.  The Committee on Fiscal Affairs had invited interested parties to comment and discuss a discussion draft of Action 3 of the BEPS Action Plan that was released on April 3, 2015.