Press Release: Council adopts amendment closing tax loophole for corporate groups

The Council of the European Union adopted on the 8 July 2014 an amendment to EU tax rules aiming at preventing double non-taxation of dividends distributed within corporate groups deriving from hybrid loan arrangements.

The OECD presented in September 2014 its new international action plan called "Project BEPS", also with the objective to fight against tax base erosion and profit sharing (BEPS).

• Primary Source

ESO: Background information: Council agrees to close tax loophole for corporate groups http://www.europeansources.info/record/press-release-council-agrees-to-close-tax-loophole-for-corporate-groups/

EurActiv, 18.09.14: Google, Apple and Amazon under fire in OECD war on tax evasion http://www.euractiv.com/sections/innovation-enterprise/google-apple-and-amazon-under-fire-oecd-war-tax-evasion-308548

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