EBF Tax Conference 2016

EU developments in corporate taxation: potential implications for the European banks


Tuesday 2 February 2016, Brussels


EBF Tax Conference on 2 February 2016

On 2 February 2016, the EBF held its 3rd Tax Conference which this year was hosted in Brussels. It was dedicated to the potential implications for the European banks of the Commission’s Action Plan on Fairer Corporate Taxation in the EU of 17 June 2015 and its anti-tax avoidance package of 28 January 2016.

This package includes two proposed Directives which have been tabled by the Commission to bring corporate tax rules in the EU into line with global standards in order to discourage multinational companies from shifting their profits to off-shore low-tax jurisdictions. The two proposed EU directives seek to align EU tax rules with the Base Erosion and Profit Shifting (BEPS) Action Plan adopted last year by the Organization for Economic Cooperation and Development (OECD) and G20 countries. The EU proposals lay down new corporate tax rules addressing for example interest deductibility, hybrid mismatches, controlled foreign companies and exit taxation, and contain mandatory requirements for Member States to automatically exchange information on country-by-country reporting with other Member States.

The Action Plan of last June also provides for a relaunch of the Common Consolidated Corporate Tax Base (CCCTB), focusing as a first step on developing a common tax base across the EU.

The EBF Tax Conference was a unique opportunity to hear the views of policy-makers and other stakeholders on the OECD and the Commission’s initiatives towards a fairer corporate tax system. The Conference was attended by approximately 100 participants.

Facilitator: Roger KAISER, Senior Policy Adviser at the European Banking Federation.


You will find below the video by the EU Reporter: