| On March 18, 2015, the European Commission released draft legislation regarding automatic exchange of information on cross-border tax rulings as part of a package of measures to combat tax avoidance and harmful tax competition. If approved by Member States, the new automatic exchange would apply from 2016. Other measures proposed in the package include the repeal of the EU Savings Directive and a possible extension of country-by-country reporting by companies in all sectors. (read more) |
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