You will find below a summary of some of the most important tax
developments that have happened, since the release of our
last newsletter, at the OECD, EU, or country level in the area
of tax transparency and the fight against tax avoidance.
EU - Tax transparency and anti-BEPS initiatives
Release of the Anti-Tax Avoidance Package
On 28 January 2016, the European Commission unveiled its
Anti-Tax Avoidance Package. This includes two legislative
proposals, addressing certain anti-base erosion and profit shifting
(BEPS) issues and non-public country-by-country reporting (CbCR),
as well as a common approach to tax good governance towards third
countries and recommendations to tackle treaty abuse. The draft of
the Anti-Tax Avoidance Directive proposes common minimum rules in
the areas of interest limitation, exit taxation, switch-over
clauses, general anti-abuse rules (GAAR), controlled foreign
companies (CFC), and hybrid mismatches.
