On Tuesday 7 December, EU finance ministers failed to adopt a revised Code of Conduct for Member States on tackling harmful taxation, in place since 1997.
The draft submitted by the Slovenian Presidency of the Council of the EU extends the Code of Conduct to generally applicable tax characteristics of a Member State which create possibilities for double non-taxation or which may lead to the multiple use of tax advantages (see EUROPE B12843A16).
Hungary and Estonia maintained their...