Brussels, 04/04/2014 (Agence Europe) - The European Parliament (EP) says that the review of the parent company/subsidiary directive should remove loopholes that allow companies to wriggle out of tax by shopping around among different national tax systems for intragroup payments (see EUROPE 10970).
The exemptions and deductions allowed in Directive 2011/96/EU allow a parent company to use hybrid loans to avoid tax on profits by transferring them to a subsidiary in the form of a...