Brussels, 08/07/2014 (Agence Europe) - On Tuesday 8 July, EU28 finance ministers adopted the hybrid loan section of changes to EU tax rules for parent companies and subsidiaries, Directive 2011/96/EU, following broad agreement reached at a meeting in Luxembourg on 20 June (see EUROPE 11105). The changes will prevent the double non-taxation of dividends distributed within corporate groups deriving from hybrid loan arrangements.
The original directive was designed to ensure that subsidiaries...