European finance ministers have postponed agreement on the proposed EU Anti-Tax Avoidance Directive until their next meeting on 17 June. The European Parliament’s Economic and Monetary Affairs Committee has now published its report, which approves the Commission’s proposals whilst recommending a number of amendments, including stricter limits on deductibility of interest (20% of earnings) and a minimum effective corporate tax rate of 15% for the ‘switch-over’ rule on foreign income.
European finance ministers have postponed agreement on the proposed EU Anti-Tax Avoidance Directive until their next meeting on 17 June. The European Parliament’s Economic and Monetary Affairs Committee has now published its report, which approves the Commission’s proposals whilst recommending a number of amendments, including stricter limits on deductibility of interest (20% of earnings) and a minimum effective corporate tax rate of 15% for the ‘switch-over’ rule on foreign income.
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