The European Commission has welcomed the formal adoption of new EU rules to prevent tax avoidance via non-EU countries.
The agreed rules will stop companies from escaping tax by exploiting the mismatches between Member States' and non-EU countries' tax systems ("hybrid mismatches"). Today's agreement completes the Anti Tax Avoidance Directive (ATAD) which ensures that binding and robust anti-abuse measures are applied throughout the Single Market.
"Our campaign for fairer taxation in Europe continues to reap results. Today's agreement is further proof of what the EU can achieve when we work together against common challenges. It is another victory for fair taxation and another blow against those companies that try to escape paying their fair share," said Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs.
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