The Council of the European Union released details of a possible draft EU directive, addressing certain “anti-base erosion and profit shifting” (anti-BEPS) initiatives. The issues addressed concern certain international aspects of the proposal for an EU “common consolidated corporate tax base” (CCCTB), and reflect issues that are directly related to the OECD’s BEPS project.
The EU Member States will now review these proposals. Read a December 2015 report prepared by KPMG’s EU Tax Centre
The European Parliament (EP) on 16 December 2015 voted on recommendations to address aggressive corporate tax planning and evasion.
The European Commission now has three months to respond to the proposed recommendations, either with a legislative proposal or with an explanation for not doing so. Meanwhile, the EP endorsed the extended mandate of the TAXE II Special Committee on Tax Rulings for another six months. The committee will continue its work, focusing on harmful corporate tax regimes and aggressive tax planning, including state aid in tax matters and the EU Member States’ compliance with tax legislation.
Read a December 2015 report prepared by KPMG’s EU Tax Centre
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