29/05/2017 (Agence Europe) – At the 'Competitiveness' Council on Monday 29 May, the member states of the EU adopted without discussion the second anti-tax avoidance directive (ATAD2), which specifically aims to respond to hybrid mismatch situations between member states and third countries (see EUROPE 11654). These mismatches play on differing legal descriptions of the same operation between two different member states, creating situations of double non-taxation. The first version of the...