The Council of the EU has announced that agreement has been reached on a new system for resolving double taxation disputes within the EU during a 23 May 2017 meeting of the Economic and Financial Affairs Council (ECOFIN). The new system will be introduced through a draft Council Directive that sets out a harmonized and transparent framework for solving disputes with set procedures and timeframes. This is meant to cover all taxpayers in the EU that are subject to taxes on income and capital c…