All 28 European Union (EU) member states reached political agreement on the European Commission’s (EC’s) Anti-Tax Avoidance Directive designed to combat multinational corporation tax avoidance.
During negotiations, some amendments were made to the proposal, including the deletion of the controversial “switch-over clause” to prevent double nontaxation of certain income.
Before Brexit
The approval came before Britons voted to leave the EU, a move that has significant tax implications (see sidebar below).
The final Anti-Tax Avoidance Directive includes the following: (more…)