The European Parliament's today gave strong backing to the Commission's proposal to revise the Parent-Subsidiary Directive.
Following the vote, EU Tax Commissioner Algirdas Šemeta said:
"This proposal is a cornerstone in our campaign to clamp down on corporate tax avoidance. By closing loopholes and strengthening measures against abusive tax planning, it will help ensure that every company pays their fair share. The Parent-Subsidiary Directive remains a business-friendly law, enabling companies to work cross-border within our Single Market. The proposed revisions also make it a society-friendly law, 100% in line with our goals of fair and efficient taxation. I would like to thank Ms Kleva for her excellent work as rapporteur, and I am grateful to the European Parliament for their consistently strong support for our fight against tax evasion."
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