By Jivaan Bennett
The High Level Working Party (Taxation), a Council preparatory body, decided in 2014 that a concrete roadmap was necessary to address the issues of unfair tax competition, base erosion and profit shifting in the EU context (“EU BEPS”). Following from the Commission’s launch of its Anti-Tax Avoidance Package on 28 January 2016 (see our February newsletter), the Dutch Presidency has set out its key objectives. In the short term, the two principal legislative developments will be:
In the medium term, the Dutch Presidency will undertake work on transfer pricing, outbound payments (payment flowing out of the EU), disclosure of aggressive tax planning, beneficial ownership of non-transparent entities, dispute settlement in the area of transfer pricing and the conditions and rules for the issuance of tax rulings.
This article appears in the JHA March 2016 Tax Newsletter, which also features: