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Fair Taxation: Commission welcomes new rules to prevent tax avoidance through non-EU countries

The Commission welcomes the agreement reached at today's ECOFIN on new rules to help prevent tax avoidance via non-EU countries. This latest addition to the EU's anti-tax avoidance toolbox will prohibit multinational companies from escaping corporate tax by exploiting differences between the tax systems of Member States and those of non-EU countries (so-called 'hybrid mismatches').