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26 September 2020
Economic and financial affairs News

Code of Conduct Group (Business Taxation)

On 1 December 1997, the Council and the representatives of the governments of the member states, meeting within the Council, adopted a resolution on a Code of Conduct for business taxation, with the objective to curb harmful tax competition.

The Code of Conduct is not a legally binding instrument but is a political commitment by member states to:

  • re-examine, amend or abolish their existing tax measures that constitute harmful tax competition (rollback process); and
  • refrain from introducing new ones in the future (standstill process).

More details here. 

 

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