A draft Directive regarding “hybrid mismatches” with third countries’ tax systems has been agreed by the Council of the EU.
The Directive aims to stop large companies avoiding tax by taking advantage of differences between two or more tax jurisdictions to reduce their overall tax liability.
The Council of the EU will adopt the Directive once it has been approved by the European Parliament. Member states will then have until 31 December 2019 to transpose it into national law.
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