Commission names and shames Cyprus for aggressive tax planning

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Commission names and shames Cyprus for...
 © BusinessMail 2018
By Stelios Orphanides

The European Commission said that Cyprus is among seven member states facilitating aggressive tax planning and does so even after taking steps to address it.

“However, the existence of specific tax rules combined with the lack of some anti-abuse rules, suggest that Cyprus’ corporate income tax rules may still be used in tax avoidance structures,” the European Commission said in its 2018 European Semester report on Wednesday.

Rules facilitating the aggressive tax planning in Cyprus included the corporate tax residency, the absence of...


This article was automatically added to our system 7-3-2018

Commission names and shames Cyprus for aggressive tax planning


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