The main results of the Council meeting of 12 July 2016 are:
- The Council found that Portugal and Spain had not taken effective action in response to its recommendations on measures to correct their excessive deficits.
- The Council adopted new rules addressing corporate tax avoidance practices, following an agreement reached on 21 June 2016.
- The Council discussed possible further measures to enhance tax transparency and prevent tax abuse, on the basis of a communication from the Commission.
- The Council also discussed a proposal to strengthen EU rules aimed at preventing money laundering and terrorist financing.
- The Council discussed the Slovak presidency work programme.
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