Brussels, 09/12/2015 (Agence Europe) - On 8 December, European finance ministers adopted the third directive on administrative cooperation, making the exchange of information on tax rulings automatic.
This means that with effect from 1 January 2017, the states will exchange information on cross-border rulings. The retroactivity period of the exchange has been set at five years. Under the text approved by Ecofin, tax arrangements which have been changed or renewed since 1 January 2012 will...