On June 21, 2016, the Member States of the European Union agreed on their general approach for far-reaching new rules to eliminate the most common corporate tax avoidance practices, also known as the Anti Tax Avoidance Package. First proposed by the European Commission in January 2016, the measures in…
On January 28, 2016, the European Commission (the Commission) presented the Anti Tax Avoidance Package (the Package), containing concrete measures to “prevent aggressive tax planning, boost tax transparency and create a level playing field for all businesses in the European Union”. The Anti Tax Avoidance Package contains a number…
On October 7, 2015, the Norwegian government presented the 2016 budget which includes several relevant changes to the current corporate income tax provisions. Under the proposed budget, the corporate income tax (CIT) rate would be reduced from current 27 % to 25 % in 2016, with a further reduction to 22 % being announced…