The Chancellor of the Exchequer George Osborne attended the Economic and Financial Affairs Council (ECOFIN) meeting on 12 February, at which the Commission’s proposals for tackling corporate tax avoidance were discussed, including the draft anti-avoidance directive and country-by-country reporting to tax authorities. The chancellor pressed the council to go further in relation to transfer pricing, where the UK will be seeking a multilateral agreement on making details of the tax paid by companies publicly available on a country-by-country basis.
The UK and several other countries supported a two-stage implementation of the anti-avoidance directive, which would involve those elements consistent with the OECD BEPS project being introduced first.
The Chancellor of the Exchequer George Osborne attended the Economic and Financial Affairs Council (ECOFIN) meeting on 12 February, at which the Commission’s proposals for tackling corporate tax avoidance were discussed, including the draft anti-avoidance directive and country-by-country reporting to tax authorities. The chancellor pressed the council to go further in relation to transfer pricing, where the UK will be seeking a multilateral agreement on making details of the tax paid by companies publicly available on a country-by-country basis.
The UK and several other countries supported a two-stage implementation of the anti-avoidance directive, which would involve those elements consistent with the OECD BEPS project being introduced first.
