Date: 22-02-2017
Source: The Wall Street Journal
Finance ministers agree to plan to prevent companies from using legal loopholes to avoid taxation
BRUSSELS—European Union finance ministers on Tuesday agreed to more measures to stop international corporations from cutting their tax bills.
The proposed rules would deal with several legal loopholes that allow multinationals to avoid taxation—such as devices to shift profits and move debt to countries outside the EU where there are more generous interest deductions.
EU officials said the rules would ensure that companies didn’t take advantage of so-called double non-taxation agreements—which were originally intended to ensure a company didn’t pay tax in two different countries, but are currently being aggressively exploited. Den Rest des Beitrags lesen »