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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Belt and Road Initiative countries face tax incentive conundrums due to pillar two, but relatively few countries would seek to scrap the project, ITR has heard