EU TAX AVOIDANCE PACKAGE IS COMPREHENSIVE AND MAY WORRY UK – BUT WHOLESALE REJECTION UNLIKELY
February 1st, 2016
A COMPREHENSIVE legislative initiative launched by the European Commission on January 28, designed to restrict tax avoidance – especially by multinationals within the European Union (EU) - is likely to be influenced by the raw politics of the upcoming UK in-out referendum on EU membership.
The proposals include a new directive on anti-tax avoidance; amending the EU’s administrative cooperation directive (coordinating the work of tax offices); non-binding guidance (a ‘recommendation’) on making their tax treaties less vulnerable to tax avoiders; and ...
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