On Tuesday 6 December, the European finance ministers failed to find a common vision on the second version of the anti-tax avoidance directive (ATAD2), which specifically aims to respond to hybrid mismatch situations between an EU country and a third country.
Despite eight draft compromises in the final home straight alone, concerns remained and were summed up by the Slovak finance minister, Peter Kazimir. These concerns have to do with certain exemptions for the financial sector and the...