BRUSSELS LIKELY TO PUSH BEYOND COUNTRY-BY-COUNTRY REPORTING
April 1st, 2016
A EUROPEAN Commission working paper on combating aggressive tax planning has indicated Brussels will not settle for comprehensive country-by-country reporting and push for more tax avoidance cooperation. Its analysis has concluded that such tax practices must be countered by coordinated policies and actions by “host countries, conduit or transit jurisdictions in which capital flows through and destination countries”, especially non-EU governments. “Information should be exchanged multilaterally, timely and comprehensively and any action should be ...
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