Firms in the EU are a step closer to having an effective and timely mechanism to resolve disputes resulting in their being taxed twice by different Member States.
The move follows a vote in the Economics and Monetary Affairs Committee, which was approved by 41 votes to 1, with 1 abstention. The Committee backed stricter deadlines, which Member States must meet to resolve disagreements over double taxation, an arbitration procedure to determine ongoing disputes, as well as the creation of an advisory panel whose opinion would be binding.
The opinion of the Parliament will now be passed on to the Council for their consideration.
0