Corporate tax avoidance: Directive adopted on hybrid mismatches

On 29 May 2017, the Council adopted a directive to prevent corporate groups from exploiting the disparities between two or more tax jurisdictions to reduce their overall tax liability. The draft law was put forward by the European Commission in October 2016, as part of a package of proposals aiming to overhaul the way in which companies are taxed in the Single Market. The Council of the European Union adopted its initial position on the proposal in February 2017

• Primary Source

ESO: Background information: Competitiveness Council, 29-30 May 2017 http://www.europeansources.info/record/competitiveness-council-29-30-may-2017/

ESO: Background information: Hybrid mismatches with third countries [EPRS, March 2017] http://www.europeansources.info/record/hybrid-mismatches-with-third-countries/

http://europa.eu/rapid/press-release_IP-17-1433_en.htm http://europa.eu/rapid/press-release_IP-17-1433_en.htm

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