Tackling Tax Avoidance in the EU – Impact on Corporate Treasury

Many corporate treasurers are likely to have become more aware of the OECD’s Base Erosion and Profit Shifting (BEPS) project, given the worldwide publicity it has received and the focus it has placed on limiting tax benefits of intragroup financing arrangements as a source of aggressive tax planning.

Following on from the BEPS project, the European Commission released its own draft anti-avoidance tax package on 28 January 2016 which contains measures to prevent aggressive tax planning, boost tax transparency and create ...

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Important Message For All Members Using Derivatives – For Your Action

We have received the following statement EACT Statement on EBA Report on CVA of explanation and correspondence from the European Association of Corporate Treasurers (EACT) relating to a proposal by the European Banking Authority (EBA) to remove an exemption for corporates (NFCs) relating to hedging activity with banking counterparties.

To read more click HERE

In summary the upshot of this proposal by the EBA, if enacted, would be to increase the cost for NFCs of using OTC instruments for hedging purposes. The ...

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