21 Feb 2017
EUROPEAN COMMISSION DAILY NEWS – 21 FEBRUARYBrussels Daily
Fair Taxation: Commission welcomes new rules to prevent tax avoidance through non-EU countries
The Commission welcomes the agreement reached at today’s ECOFIN on new rules to help prevent tax avoidance via non-EU countries. This latest addition to the EU’s anti-tax avoidance toolbox will prohibit multinational companies from escaping corporate tax by exploiting differences between the tax systems of Member States and those of non-EU countries (so-called ‘hybrid mismatches’).
“Today is yet another success story in our campaign for fairer taxation” said Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs. “Step by step, we are eliminating the channels used by certain companies to escape taxation. I congratulate the Member States for agreeing on this tangible measure to clamp down on tax abuse and install a fairer tax environment in the EU.” The full statement is available online in here.
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