ECOFIN reaches agreement on Anti-Tax Avoidance

3 years 9 months ago #509 by Caspar001

On 21 June 2016, the Economic and Financial Affairs Council of the European Union (ECOFIN or the Council) reached final political agreement on the Anti-Tax-Avoidance Directive (ATAD).

At the ECOFIN meeting held on 17 June 2016 a final compromise text was put forward. Following the discussions, the President of the Council noted that almost all Member States could agree to it. The Presidency therefore announced a silence procedure giving Member States time to raise any objections they may have until 20 June 2016, midnight. Since no objections were raised by that deadline, a unanimous agreement has been reached on the ATAD (formally titled Council Directive laying down rules against tax avoidance practices that directly affect the functioning of the internal market).

ECOFIN reaches political agreement on Anti-Tax Avoidance Directive

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