“Adopting this important directive in a short period of time was a top priority for the Luxembourg presidency”, said Pierre Gramegna, minister for finance of Luxembourg and president of the Council. "Europe is now sending a strong signal for greater equity in taxation of businesses worldwide."
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.
"We have achieved a quantum leap in the technical discussions on this dossier", Mr Gramegna said. "It is proof of our commitment to implement the OECD's BEPS recommendations in a swift and coordinated manner."