One step forward, two steps back? The European Commission presented its action plan against aggressive tax planning by companies on 17 June, while on 19 June the finance ministers will discuss a controversial proposal presented by the EU executive back in March which, from 2016 onwards, would oblige tax authorities in the member states to automatically exchange information on 'tax ruling' decisions.
The principle is not being contested – but the devil is in the details, says a note from…