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October 25, 2016
2016-1812

European Commission proposes corporate tax reform package

The European Commission announced a new package of corporate tax reforms on October 25. The package includes three separate legislative initiatives, namely: (i) a two-stage proposal towards a Common Consolidated Corporate Tax Base (CCCTB); (ii) a Directive on Double Taxation Dispute Resolution Mechanisms in the European Union (EU); and (iii) amendments to the Anti-Tax Avoidance Directive (ATAD) agreed in June 2016, as regards hybrid mismatches with third countries. The package also contains a Chapeau Communication, outlining the political and economic rationale behind the proposals, as well as impact assessments on the CCCTB and the dispute resolution mechanism.

A Tax Alert prepared by EY's Global Tax Desk Network, and attached below, provides additional details.

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Full text of Tax Alert 2016-1812

 

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