As of 1 January 2019, all EU member states are to apply new legally binding anti-abuse measures that target the main forms of tax avoidance practiced by large multinationals.

The rules build on global standards developed by the OECD in 2015 on Base Erosion and Profit Shifting (BEPS) and should help to prevent profits being siphoned out of the EU where they go untaxed. 

All member states will now tax profits moved to low-tax countries where the company does not have any genuine economic activity (controlled foreign company rules).

Also to discourage companies from using excessive interest payments to ...