ECOFIN Meeting to Discuss Parent-Subsidiary Directive Anti-Abuse Clause, Financial Transactions Tax, and Other Matters

On 7 November 2014, the Economic and Finance Ministers Council of the EU (ECOFIN) met in Brussels to discuss several key topics, including:

• The introduction of a binding anti-abuse clause in the EU's parent-subsidiary directive, including a common EU "de minimis" rule and allowing Member States to apply stricter national rules as long as they meet minimum EU requirements - final agreement on the clause should be reached at a meeting scheduled for 9 December 2014
• The introduction of a financi…