EU struggles to close tax loopholes with new law

EUObserver about the anti tax avoidance directive

Jun 23rd, 2016

EuObserver, 22.June 2016

"[...] Some ministers had feared that these clauses would scare away multinational investors. "Each member state got their own candy exemption," said Fabio De Masi, a German far-left MEP. He called the outcome "scandalous". Most of the new rules will come into effect on January 2019. Some member states, however, can keep their own rules until 2024. [...]"