Weekly Tax Update - 7 December 2015

1. GENERAL NEWS

1.1 TAXE Special Committee report to the European Parliament

On 25 November 2015, the European Parliament´s plenary adopted the TAXE Special Committee's 'Report on tax rulings and other measures similar in nature or effect.'

The report, which covered a range of issues,:

• comments on tax avoidance and a conclusion that the best response to aggressive tax planning is good legislation and international coordination;
• encourages the EU to go further than the BEPS solutions in coordination and convergence and the avoidance of harmful tax competition;
• expresses its support for mandatory publication of country-by-country tax information containing information on tax rulings;