The EU has proposed rule changes that would force companies to pay taxes on cross-border hybrid loan payments, so that firms don’t use accounting loopholes to avoid taxation. EU Tax Commissioner Algirdas Semeta said changes to the EU’s parent-subsidiary directive would make sure companies pay tax in at least one country on hybrid-loan payments, according to a November 25 Bloomberg report. The EU also wants countries to adopt a “common antiabuse rule” to discourage aggressive tax planning.
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