The European Union may end up doing more work on matters of indirect taxation - with the European Commission’s presentation of a major reform of the value-added tax (VAT) system - than on questions relating to corporate taxation in the second half of 2017.
The reasons for this are quite simple. Firstly, the OECD action plan to tackle tax optimisation has been transposed into EU law (through the anti-tax avoidance directive) and there are now only two outstanding legislative proposals: -...