On June 8, 2016, the European Parliament voted on a resolution welcoming the EU Commission proposal for an EU anti-tax avoidance directive. The anti-tax avoidance directive reflects the OECD’s action plan to limit tax base erosion and profit shifting (BEPS) and follows earlier recommendations made by the Parliament. The…
On December 16, 2015, the European Parliament passed a resolution, prepared in Parliament’s Economic and Monetary Affairs Committee, spelling out the legal steps needed to improve corporate tax transparency, coordination and EU-wide policy convergence. The legal steps recommended by the resolution build on the work of Parliament’s Special Committee on…
In its meeting on December 8, 2015, the European Union Council of Economic and Financial Affairs debated over multiple items affecting the corporate taxation and also approved a directive aimed at improving transparency on tax rulings given by member states to companies in specific cases. Financial Transaction Tax (FTT)…
On November 25, 2015, the members of the European Parliament passed a resolution urging EU member states to agree on mandatory country-by-country (CbC) reporting, a common consolidated corporate tax base (CCCTB), common definitions for tax terms and more transparency and accountability with regard to national tax rulings granted for…