EU finance ministers, on November 8, agreed on a revised code of conduct for business taxation to identify and curb harmful tax measures of member states.
The revised code of conduct introduces in particular the concept of tax features of general application. Whereas previously only preferential measures (such as special regimes or exemptions from the general taxation system) were examined, under the new rules the scope will also include tax features of general application. These will be regarded as harmful if they lead to double non-taxation or the double or multiple use of tax benefits.
The revised code of conduct further clarifies the review process in the code of conduct group, which is responsible for the administration of the code.