The 28 EU member countries have reached an agreement on a package of measures against tax avoidance. The agreement became definitive last night after the EU ministers of finance reached an agreement last Friday.
The package restricts interest deduction and introduces a levy to prevent that untaxed activities can be transferred to a country with a lower tax rate. It also includes a general anti-abuse clause. Another measure prevents the transfer of passive income to a daughter company with a lower tax rate. Furthermore it also addresses shopping between different fiscal systems.