Welcome

EU Plans Tougher Regime for Overseeing Country Tax Systems (1)

Nov. 29, 2021, 3:13 PMUpdated: Nov. 29, 2021, 5:20 PM

European Union countries would intensify their checks on one another’s taxation regimes starting in 2022, under a draft mandate for the bloc’s tax watchdog.

The mandate would replace criteria dating from 1997 that the so-called Code of Conduct Group (Business Taxation)—a group of officials from all EU countries—uses to assess whether preferential taxes in EU countries unduly lure companies away from other EU countries.

Many lawmakers are keen for more measures to clamp down on tax competition between EU countries, according to a European Parliament resolution passed Oct. 7. Paul Tang, chair of the Parliament’s tax subcommittee, said Monday that ...

To read the full article log in.

Learn more about a Bloomberg Tax subscription.