Economic and Financial Affairs Council: Main results
EU News 371/2015
Council of the European Union
The Council took a number of decisions on corporate taxation.
It adopted a directive on cross-border tax rulings, which will improve transparency on tax rulings given by member states to companies about how taxation will be dealt with.
The Council discussed interrelated measures aimed at preventing corporate tax evasion. It adopted conclusions on the future of a code of conduct on business taxation and on implementation of OECD work on tax base erosion and profit shifting (BEPS). It also reviewed progress on international anti-BEPS aspects of a proposal for an EU common consolidated corporate tax base.
Capital markets union
The Council endorsed an agreement reached at committee level on the development of a securitisation market in Europe, part of broader plans for a capital markets union.
Source and additional information:
From left to right: Mr Valdis DOMBROVSKIS, Vice President of the European Commission; Mr Pierre GRAMEGNA, Luxembourg Minister of Finance. 'The European Union' URL