European Parliament Adopts Resolution on Reforming the EU Policy on Harmful Tax Practices

The European Parliament has published a resolution adopted on 7 October 2021 on reforming the EU policy on harmful tax practices. A parliament release highlighting the key points has been published as follows:

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EU must step up its game against harmful tax practices, says Parliament

• Updated legislation needed to tackle innovative tax schemes
• A minimum activity threshold would qualify companies to pay taxes in a certain territory
• Total revamp of the EU's Code of Conduct on Business Taxa…