On 6 October 2015, the Council of the European Union announced that Member States have agreed to a directive for the automatic exchange of advance cross-border tax rulings and advance pricing agreements (APA). The automatic exchange of rulings was proposed by the European Commission in March 2015 as part of a tax transparency package. Similar measures are also covered under the final report for Action 5 of the BEPS Project, which was released 5 October 2015 ({News-2015-10-06/A/2- previous co…