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European banks, actively supporting international measures to fight tax evasion, broadly welcome new European Union measures against corporate tax avoidance on which finance ministers reached agreement on 20 June 2016. The European Banking Federation underlines the importance for EU Member States to aligning these measures with the international actions that are being developed in the context of the Organisation for Economic Cooperation and Development (OECD).
The EBF fully support s a coordinated and coherent EU implementation of the OECD Action Plan on Base Erosion and Profit Shifting (BEPS) which aims to tax business profits w here value is created , However, the Anti-Tax Avoidance Directive (ATAD) which EU Finance Ministers have now agreed risks creating...
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