Daily Tax Update - June 18, 2015: House Passes Bill to Repeal Medical Device Excise Tax

House Passes Bill to Repeal Medical Device Excise Tax:  Today, the House passed the Protect Medical Innovation Act of 2015 (H.R. 160), which repeals the 2.3% excise tax on medical device manufacturers and importers.  The bill, which passed the House by a vote of 280-140, now advances to the Senate.

OECD Releases Public Comments on BEPS Draft Regarding the Prevention of Treaty Abuse:  Today, the OECD released public comments on its revised discussion draft on Action 6 (Prevent Treaty Abuse) of the Base Erosion and Profit Shifting (BEPS) Action Plan.  The comments, totaling more than 300 pages, address a number of issues, including the “simplified” limitation-on-benefits rule and new proposals for treaty rules intended to address concerns related to special tax regimes and changes to domestic law made after the conclusion of a treaty.