Brussels, 08/06/2016 (Agence Europe) - On Wednesday 8 June, the European Parliament adopted, by 487 votes in favour, 88 against and 103 abstentions, the report by Belgian Socialist MEP Hughes Bayet, which adds to and tightens up the Commission's proposal for an anti-tax avoidance directive for multinational companies (see Europe 11567). The EP is only consulted on taxation issues.
Amongst other things, the report limits at 20% and up to €2 million deductions of loan interest paid by...