Brussels, 30/09/2015 (Agence Europe) - The Luxembourg Presidency of the Council of the EU will arrive at the Ecofin Council with an open question and all that that implies for the draft legislation to make automatic exchange of information compulsory for tax rulings, namely retroactivity.
The Presidency was proposing as a compromise that rulings and prior agreements should be exchanged on the price of transfers granted, amended or renewed within a five-year period following the application date of the directive and that still apply at that date (apart for agreements for individuals and groups with a net annual turnover of less than €40 million).
The following countries are reported to have opposed the Presidency's compromise at the Coreper meeting on Wednesday 30 September: France, Denmark, Belgium, Spain, Greece, Italy, the United Kingdom and Slovenia. The following countries are reportedly in favour of the compromise: Germany, Ireland, the Netherlands, Poland, Sweden, Estonia, Malta, Romania and Slovakia.
The Presidency is not expected to submit a new compromise to the Ecofin Council on 6 October, where ministers will probably be asked to decide on the matter. The Presidency has been saying for a few weeks now that it wanted agreement to be reached at the upcoming Ecofin. (Original version in French by Elodie Lamer)