OrbitaxEU Parliament Approves Amendments to Anti-Tax Avoidance Directive to Close Mismatch Loopholes
|Proposed Changes|European Union
A release has been published announcing the adoption of the Parliament resolution on the proposal for a Council directive amending Directive (EU) 2016/1164 as regards hybrid mismatches with third countries ({News-2017-02-22/P/3- previous coverage}), with amendments.
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MEPs amended the EU’s anti-tax avoidance directive to prevent multinationals taking advantage of mismatches between EU and third countries’ tax rules to reduce their tax bills. The resolution was approved by 591 votes to 36…