At a meeting of the Economic and Financial Affairs Council (ECOFIN), the Council agreed on the criteria and the process for the establishment of an EU list of non-cooperative jurisdictions in taxation matters. The Commission’s new proposals for a common consolidated corporate tax base were also discussed.

Among the issues discussed, were a package of proposals aimed at reforming the manner in which companies are taxed in the EU which include new proposals for CCCTB. The Commission proposes a single rulebook for calculating taxable company profits throughout the EU, with provisions to close off opportunities for corporate tax evasion. The package also includes a new system for resolving double taxation disputes, and measures to close down hybrid mismatches between member states’ and third countries’ tax systems. Work on the proposals has started at technical level, with an initial emphasis on the proposal dealing with hybrid mismatches.