Brussels, 25/11/2013 (Agence Europe) - On 25 November, the European Commission unveiled draft changes to the parent-subsidiary directive (2011/96/EU) in order to remove loopholes that companies have been using to shop around for advantageous tax rules for inter-group transfers. The directive was designed to prevent double taxation.
The changes to the directive are part of the action plan against tax avoidance unveiled by the Commission at the end of 2012 and focus on tackling “hybrid”...