9.5 C
Bucharest
18 February 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. 

 

Related posts

The Working Group on EFTA, discussions on the completion of the Association Agreement with Andorra, Monaco and San Marino

Iulian Anghel

Capital markets union: Council adopts updated rules for financial derivative products and clearing

Alexandru Stefan

Participation of the minister of justice, Tudorel Toader, at the Conference on „Criminal Justice in Cyberspace”

Iulian Anghel