Strategizing International Tax Best Practices – by Keith Brockman

The term for European Parliament’s special committee on tax rulings and other measures (TAXE) has ended, and the European Parliament has introduced a similar committee for an additional six-month term.  The new committee shall also have 45 members.

As with TAXE, one of the powers of the new committee is “to analyse and assess aggressive tax planning carried out by companies established or incorporated in the Member States, also regarding the third-country dimension including the exchange of information with third countries in this respect.”

A link to the announcement is provided for reference:

http://www.europarl.europa.eu/resources/library/media/20151202RES05870/20151202RES05870.pdf

This new committee signifies EU’s continued focus on aggressive tax planning and transparency, with many countries following its lead.

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