On Tuesday 25 January MEPs adopted recommendations to prevent national ‘withholding tax regimes’ from facilitating tax evasion, while reducing barriers for companies and investors operating abroad.
The resolution, drafted by Pedro Marques (S&D, Portugal), was adopted by 52 votes to 5 with one abstention in the Committee on Economic and Monetary Affairs.
It points out that the system of withholding taxes between Member States has remained largely fragmented in terms of rates and relief...