Anti-tax avoidance: close tax gap with low-tax third countries, say MEPs

The European Parliament's economic and monetary affairs committee welcomed in a resolution on 24 May 2016 the European Commission's proposal for an EU anti-tax avoidance directive.

Members of the committee nonetheless advocated stricter limits on deductions for interest payments and an effective corporate tax rate of 15%.

The proposal needs unanimous approval by the Council of the European Union, which held a policy debate on this subject on 25 May.

• Primary Source

ESO: Background information: Proposal for a Council Directive laying down rules against tax avoidance practices that directly affect the functioning of the internal market http://www.europeansources.info/record/proposal-for-a-council-directive-laying-down-rules-against-tax-avoidance-practices-that-directly-affect-the-functioning-of-the-internal-market/

European Parliament: Newsroom: Press Release, 08.06.16: Parliament calls for crackdown on corporate tax avoidance http://www.europarl.europa.eu/news/en/news-room/20160603IPR30204/

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