Tom Wesel and Zoe Wyatt (Milestone International Tax Partners) review the revised EC’s Anti-Tax Avoidance Directive which will soon be adopted by the European Parliament to ensure a consistent and uniform implementation of BEPS recommendations across the EU.
At midnight on Monday 20 June the Economic and Financial Affairs Council (ECOFIN) of the European Union approved the draft Anti-Tax Avoidance Directive (ATAD) for corporate taxpayers in the EU but on 23 June the UK voted to leave the EU. How it chooses to do so will determine whether its competiveness as a corporate tax jurisdiction is compromised or enhanced by Brexit.
If the UK adopts the ‘Norway model’ and joins the EEA it would remain subject to EU law and so also to ATAD. If it chooses more substantial disengagement from Europe ATAD may never apply to...
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Home >Articles > Examining the revised EC Anti-Tax Avoidance Directive
Examining the revised EC Anti-Tax Avoidance Directive
Tom Wesel and Zoe Wyatt (Milestone International Tax Partners) review the revised EC’s Anti-Tax Avoidance Directive which will soon be adopted by the European Parliament to ensure a consistent and uniform implementation of BEPS recommendations across the EU.
At midnight on Monday 20 June the Economic and Financial Affairs Council (ECOFIN) of the European Union approved the draft Anti-Tax Avoidance Directive (ATAD) for corporate taxpayers in the EU but on 23 June the UK voted to leave the EU. How it chooses to do so will determine whether its competiveness as a corporate tax jurisdiction is compromised or enhanced by Brexit.
If the UK adopts the ‘Norway model’ and joins the EEA it would remain subject to EU law and so also to ATAD. If it chooses more substantial disengagement from Europe ATAD may never apply to...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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