| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Press Release |
| Series Details | IP/13/1149 (25.11.13) |
| Publication Date | 25/11/2013 |
| Content Type | News |
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On 25 November 2013, the European Commission proposed amendments to key EU corporate tax legislation, in order to significantly reduce tax avoidance in Europe. The proposal will close loopholes in the Parent-Subsidiary Directive, which some companies have been using to escape taxation. In particular, companies will no longer be able to exploit differences in the way intra-group payments are taxed across the EU to avoid paying any tax at all. The result will be that the Parent-Subsidiary Directive can continue to ensure a level-playing field for honest businesses in the Single Market without opening opportunities for aggressive tax planning. |
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| Source Link | Link to Main Source http://europa.eu/rapid/press-release_IP-13-1149_en.htm |
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| Subject Categories | Taxation |
| Countries / Regions | Europe |
