Thomson Reuters Checkpoint has just released a special report, European Commission Presents Anti-Tax Avoidance (ATA) Package, summarizing the ATA Package to help businesses plan for the latest developments in advance of implementation.

EC Anti-Tax Avoidance Package

On January 28, 2016, the European Commission presented its Communication on the Anti-Tax Avoidance Package. The goal of the Package is to prevent aggressive tax planning, increase tax transparency, and create a level playing field for businesses in the European Union.

Thomson Reuters claim that tax evasion results in the loss of €50 - 70 billion each year in the EU. The ATA Package offers measures to prevent companies from transferring profits to tax havens and taking advantage of differences in national legislation to reduce taxes.

Special report on ATA package

The report examines the new framework adopted by the European Commission to guide its member states’ country-by-country reporting directives. It also outlines the anti-tax avoidance rules in six major fields, half of which have been specifically developed for the EU, while the rest have been adopted from the Organisation for Economic Co-operation and Development’s (OECD) Base Erosion and Profit Shifting (BEPS) Action Plan. The report also highlights the EU’s plan to address tax treaty abuse.

“The measures outlined in the ATA Package give the EU member states a single and coordinated approach to address tax avoidance,” said Jessica Silbering-Meyer, managing editor, international tax with a focus on BEPS, within the Tax & Accounting business of Thomson Reuters. “This report provides helpful guidance to keep businesses up-to-date on the latest developments for tax planning purposes.”

(The Thomson Reuters free special report is available for download at: tax.thomsonreuters.com/beps/european-commission-anti-tax-avoidance-package .)

More BEPS updates

For more updates on BEPS-related anti-tax avoidance developments, Thomson Reuters offers the following resources:

• Thomson Reuters BEPS Solutions  – providing analysis, videos, events and solutions on the OECD/G20 BEPS initiatives.
• Thomson Reuters Checkpoint BEPS Global Currents – providing a comprehensive and customizable overview of the latest BEPS developments for all 15 Action items in 47 countries.
• Thomson Reuters ONESOURCE BEPS Action Manager– combining research, data management, entity charting, document storage, reporting and analytics in a single solution.