With 35 votes in favour, 8 against and 9 abstentions, the MEPs of the European Parliament’s Committee on Economic and Monetary Affairs (ECON) adopted, on Tuesday 28 November, their opinion on the ‘DEBRA’ Directive on a tax deduction to reduce the tax distortion in favour of indebtedness and on the limitation of interest deductibility for corporation tax purposes.
The aim of this legislation is to give companies easier access to the financing they need, by introducing a tax exemption...