EU Parliament adopts controversial report on tax avoidance and evasion

The EU Parliament, adopted by 505 votes in favor, 63  against, and 87 abstentions, a report on financial crimes, tax evasion, and tax avoidance during its plenary session on 26 March. The report takes controversial positions, including calling out seven member states for their role in facilitating aggressive tax planning and recommending countermeasures against the US should it fail to provide Foreign Account Tax Compliance Act (FATCA) reciprocity.

Read the full article here on the MNE Tax website.