The European Commission on February 18 announced that it will present a tax transparency package in March which will include a legislative proposal for the automatic exchange of information on tax rulings.
The Commission also said it will present a second corporate taxation package this summer which will also take into account current initiatives by the G20 and OECD to tackle tax avoidance.
“It is not acceptable that tax authorities have to rely on leaks before they enforce tax rules,” Valdis Dombrovskis, Commission Vice-President responsible for the Euro and Social Dialogue said.
European Commission President Jean Claude Juncker first announced the Commission’s intention to introduce automatic exchange of tax rulings on November 12.
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