Analysis
EU-UK Future Relationship – Direct Tax
WHAT DOES THE TRADE AND COOPERATION AGREEMENT (TCA) SAY?
Not very much.
The TCA includes:
- a commitment to implement principles of good governance and, in particular, global standards on tax transparency and exchange of information and fair tax competition;
- an affirmation of the OECD’s Base Erosion and Profit Shifting Action (BEPS) Plan; and
- an undertaking to improve international cooperation in the area of taxation and facilitate the collection of tax revenues.
Click on the PDF below to read the Client Alert in full.