EU Wants Finance Ministers To Reach Tax Loophole Deal

Law360, New York (May 2, 2014, 2:28 PM EDT) -- The European Union on Friday said it hopes the bloc’s finance ministers will reach an agreement on closing a major tax loophole exploited by some parent companies and their subsidiaries when they discuss the matter at an upcoming meeting.

The EU’s Council of Economic and Finance Ministers will meet May 6 to discuss updates on a controversial financial transaction tax proposal and economic imbalances within the EU states, but more importantly, the ministers will also try to reach a political agreement on a proposal to close...
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