Luxembourg, 09/06/2005 (Agence Europe) - The Ecofin council adopted without debate a report from the “Code of Conduct” group on corporation tax. The group met twice under the Luxembourg presidency. The Council is calling on the group to continue to ensure follow-up of the dismantling of national measures or practices reputed to be harmful (rollback) and the freezing of any new “standstill” tax measures. The group is being called on to present a follow-up report at the end of the British presidency.
In June 2003, the Council adopted a series of measures for controlling harmful taxation practices. These measures are: a code of conduct on corporation tax, a directive on savings income tax and a directive on interest and payments to associated companies.