On February 21, the European Commission welcomed the agreement reached on hybrid mismatches with regard to non-EU countries. A day earlier, the Council of the European Union has released two documents addressing the general approach and presidency compromise with respect to hybrid mismatches with third countries.
The new provisions build on the Anti-Tax Avoidance Directive (ATAD) agreed on July 2016. The agreement reached today (ATAD 2) will ensure that hybrid mismatches including third countries cannot be used to avoid tax in the EU.
"Step by step, we are eliminating the channels used by certain companies to escape taxation," said Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs.
The Council reached a compromise on the following issues:
TPA Global has developed a practical roadmap of 6 steps meant to guide CFOs in their Journey of rising above troubles to reach a situation of full control. These steps are presented in a series of short video clips (3-5 minutes):
Implementation of BEPS Action 13 - Argentina, Mexico and other countries of Central America
Tuesday, 12 December, 2017 | 5:00 PM - 6:00 PM (CET)
Tuesday, 11 January, 2018 | 5:00 PM - 6:00 PM (CET)
Mapping the Trends in MAP Resolution of Tax Treaty Disputes after BEPS
Thursday, January 18, 2018 | 04:00 PM - 05:00 PM (CET)
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