[elementor-template id=”3753″]
This is dummy title and will be replaced with real title of your post
Image with size : 1140×570
Image: Unsplash.com
According to EU Commissioner Paolo Gentiloni, experts at the EU Council are finalizing a reform of the 1997 Code of Conduct for Member States to prohibit damaging national business tax practices, but Hungary and Estonia are stalling the accord.
According to a draft resolution, the Code of Conduct will cover generally applicable tax features of a Member State that create opportunities for double non-taxation or that can lead to multiple use of tax benefits in connection with the same expenses, amount of income, or chain of transactions, in addition to dealing with very low or zero tax rates.
Furthermore, a State will be able to submit any tax action that an EU nation has implemented that has not been spontaneously informed to the EU Council’s Code of Conduct Group.
Despite the resistance of the two nations, the Slovenian Presidency of the EU Council has allegedly agreed to keep this issue on the agenda of the Ecofin Council on December 7 to attempt to achieve an agreement.
Source: etaf.tax
Related Posts
edit post
Taxation
Hungary and Estonia blocked the revision of EU code of Conduct for business taxation
edit post
#XpathNEXUS
Digital Nomadism: new option for employees
edit post
Updates
Hundreds of migrants live in a Belarusian warehouse
edit post
Updates
Non-EU travelers should be aware of a new border system rule
edit post
Immigration
UK travelers will be obliged to take a COVID test in France
edit post
Immigration