EU finance ministers close 'double non-taxation' loophole

Help

On 8 July 2014, economic and financial affairs ministers met to discuss the Italian presidency's work programme for financial affairs and issued a statement on economic growth and reforms.

The Council adopted an amendment to EU tax rules that will prevent the double non-taxation of dividends distributed within corporate groups deriving from hybrid loan arrangements.

This closed a loophole that until now has allowed corporate groups to exploit mismatches between national tax rules so as to avoid paying taxes on some types of profits distributed within the group.

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.