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European Commission to force member states to share tax rulings to curb avoidance

The European Commission has issued a package of tax transparency measures as part of its agenda to tackle corporate tax avoidance and unfair tax competition in the EU, including proposals for legislation to force member states to share their tax rulings with fellow states every three months and more stringent tax reporting for multinationals

 

A key element of this tax transparency package is a proposal to introduce the automatic exchange of information between member states on their tax rulings.

The Commission said that ‘companies rely on the complexity of tax rules and the lack of cooperation between member states to shift profits and minimise their taxes. Therefore, boosting transparency and cooperation is vital in the battle against aggressive tax planning and abusive tax practices’.

The new measures are designed to give member states the information they need to protect their tax bases and effectively target companies that try to escape paying their fair share of taxes.   

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