ECONOMY - FINANCE / (ae) taxation

Anti-tax evasion directive - two provisions applicable only when there is no better alternative

Brussels, 17/03/2016 (Agence Europe) - The provisions of the proposed anti-tax evasion directive (ATAD) with regard to the treatment of hybrid mismatches and the switchover clause may end up applying only if no other safety net exists, according to the second proposed compromise, of which EUROPE has had sight. This will be the basis for a discussion between the member states at expert level this Friday 18 March 2016.

The switchover clause provides that a member state may not exempt certain...