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EC Presents Anti Tax Avoidance Package

by Ulrika Lomas,, Brussels

28 January 2016

On January 28, 2016, the European Commission presented its Anti Tax Avoidance Package, with measures to tackle corporate tax avoidance.

The package includes four main proposals. First, it proposes the introduction of Anti Tax Avoidance Directive, which would include six legally binding anti-abuse measures that all member states would be required to apply to tackle common forms of aggressive tax planning. Next, the Administrative Cooperation Directive would be revised to boost information exchange between member states on multinationals' tax affairs. The package also includes recommendations on preventing tax treaty abuse, intended to advise member states on how to reinforce their tax treaties against abuse in an EU-law compliant way.

Last, the package includes a plan to improve the way that the European Union engages with third countries on tax good governance matters.

Alongside the package, the Commission has also released a Study on Aggressive Tax Planning, which looks at member states' corporate tax rules (or lack thereof) that can facilitate aggressive tax planning and key structures used by companies to avoid taxation.

Vice-President Valdis Dombrovskis, responsible for the Euro and Social Dialogue, said: "Today we are taking another step to strengthen confidence in the entire tax system, making it fairer and more efficient. People have to trust that the tax rules apply equally to all individuals and businesses. Companies must pay their fair share of taxes, where their actual economic activity is taking place. Europe can be a global leader in tackling tax avoidance. This requires coordinated European action, avoiding a situation of 28 different approaches in 28 member states."

TAGS: compliance | Treaties | tax | investment | business | European Commission | tax compliance | tax avoidance | Tax Treaties | law | enforcement | agreements | multinationals | legislation | tax planning | transfer pricing | tax reform | regulation | trade | European Union (EU) | Europe | Study | Tax | BEPS

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