global Tax European Commission Proceeds with Proposed Tax Transparency Package May 26, 2015 Disclaimer This post was published more than two years ago, and some information may now be out of date. We want to help you make the best decisions possible—please connect with your advisor or check out our latest resources for the most current guidance. The European Commission has proposed a tax transparency package which will go beyond the mandatory exchange of cross-border tax rulings. The European Commission (EC) is continuing efforts to tackle corporate tax evasion in the European Union (EU) with a proposed tax transparency package that would require, among other things, a quarterly exchange of information on cross-border tax rulings between EU member states. The EC’s plan The EC is working on an action plan to: Eliminate tax practices that are unfair to competition such as companies relying on complex tax rules and poor cooperation among EU member states to shift around profits and reap unfair tax benefits. Create a transparent and predictable single market for corporate tax purposes. For more information about the plan and what to expect in the future, read our article: “EC Proposes Tax Transparency”. Questions? Contact any member of our Global Tax Services team.
