Tax fraud and evasion: European Commission adopts proposal amending the Parent Subsidiarity Directive to tackle corporate tax avoidance | Practical Law
On 25 November 2013, the European Commission adopted a proposal for a Directive amending Directive 2011/96/EU of the European Parliament and of the Council of 30 November 2011 on the common system of taxation applicable in the cases of parent companies and subsidiaries of parent companies and subsidiaries of different member states (Parent Subsidiary Directive) to close the loopholes in the Parent Subsidiarity Directive that have been exploited by some companies to avoid paying any taxes at all. (free access)