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Belgium

EU Commission calls out harmful tax practices in Belgium, Cyprus, Hungary, Ireland, Luxembourg, Malta, Netherlands

The EU Commission took tentative steps toward reducing harmful tax competition among EU member countries today, publishing European Semester country reports that identify seven EU countries as potentially facilitating tax avoidance by multinationals. The Commission today also released a taxation paper detailing economic evidence that suggests that particular tax avoidance structures , , ,

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Europe

EU proposal takes aim at letterbox companies established to avoid tax

The European Commission today proposed harmonized rules that would prevent companies from moving their registered offices to letterbox companies located in other EU countries thereby creating undue tax advantages. Similar rules are provided for cross-border company divisions. The EU proposals are part of a package of company law rules . . .