28 January 2016 EC releases anti-tax avoidance package designed to provide uniform implementation of BEPS measures and minimum standards across Member States The European Commission released an anti-tax avoidance package on January 28, 2016, comprising four separate documents: (i) a proposed European Union (EU) Anti-Tax Avoidance Directive (the ATA Directive); (ii) a proposed Directive implementing the automatic exchange of country-by-country (CbC) reports (CbCR Directive); (iii) a communication proposing a framework for a new EU external strategy for effective taxation (the external strategy communication); and (iv) a recommendation on the implementation of measures against tax treaty abuse. This package represents a significant set of developments which, whether adopted in all or part of its current form will have a significant effect on businesses operating in both the European Union and third countries. Document ID: 2016-0194 |
