Corporate taxation: common system of taxation applicable to interest and royalty payments. Recast

The dossier recasts the common system of taxation applicable to interest and royalty payments. Amendments propose a minimum corporate tax rate of 25%, refine the exemption from source taxation conditioned on the beneficial owner and a 25% holding threshold, add anti-abuse provisions against tax fraud, evasion and avoidance, and require companies to prepare annual accounts and tax data in eXtensible Business Reporting Language (XBRL).