The European Commission has unveiled a proposal that aims to improve the savings taxation directive to ensure the taxation of interest payments which are channelled through intermediate tax-exempted structures. In a speech last month, reported in International Tax Review, Láslo Kovács, commissioner for taxation said the original tax directive contained loopholes that facilitated tax evasion.
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The OECD’s project was up for debate as Matt Williams spoke to ITR following BDO’s tax strategist survey, which uncovered increased complexity and costs among multinationals
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