At the Economic and Financial Affairs Council meeting on 20 June the ministers agreed an amendment to EU tax rules that will close a loophole which had allowed cross-border corporations to profit from double non-taxation. The agreed amendment to the parent-subsidiary directive will put an end to the situation whereby cross-border
Tag: loophole
Commission to tackle tax discrimination against mobile EU citizens
Commission to tackle tax discrimination against mobile EU citizens Tax discrimination still present in the EU? Member States' tax provisions are to be scrutinized to ensure that they do not discriminate against mobile EU citizens, in a targeted initiative launched by the Commission. The focus is on both economically active individuals
Council approves measures to tackle VAT fraud schemes
The Council has adopted two directives that will enable member states to better combat VAT fraud, facilitating rapid reaction and allowing a specific measure to tackle so-called "carrousel fraud". The importance of such measures amongst a number of initiatives aimed at better combating tax evasion and tax fraud was highlighted