A new interest and royalty Directive?
Although there a no public announcements being made, it said that negotiations in the Council of the European Union on a new interest and royalty Directive have begun earlier this year under the Dutch presidency.
The current interest and royalty Directive prohibits withholdings taxes on interest and royalties in intra-EU situations provided that the interest or royalty income is taxed as profit in the receiving state. The new Directive would allow EU member states to levy a withholding tax on interest and royalty payments if the royalty or interest payment is not taxed in the receiving state with a rate of at least 10%. The new Directive would indirectly demand a minimum tax rate from the EU member states.
Crowe Peak will provide you with updates when public announcements are being made.