EU finance ministers, during an ECOFIN meeting of the Council of the EU held December 6, were unable to reach agreement on new hybrid mismatch rules designed to prevent multinationals from avoiding tax by exploiting differences between the tax systems of EU and non-EU countries. The ministers disagreed with a Dutch proposal to extend the effective date of the rules and a UK proposal. . .
See: ECOFIN report
The European Union has reached political agreement on a directive designed to combat multinational corporation tax avoidance, with all 28 countries signing on. . .
A proposed EU anti-tax avoidance directive, to be presented this month by the European Commission, will include rules limiting interest deductibility, a general antiabuse rule (GAAR), controlled foreign company rules, hybrid mismatch . . .
(Updated 12/10/2015) The European Council, during a December 8 meeting, formally agreed to an amended directive requiring EU States to exchange information automatically on advance cross-border tax rulings and . . .
Members of the European Parliament Economic and Monetary Affairs Committee have expressed disappointment with a deal struck October 6 for a EU directive on automatic exchange of tax ruling i. . .