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EU – PROPOSED AUTOMATIC EXCHANGE OF INFORMATION ON ADVANCE CROSS-BORDER RULINGS AND ADVANCE PRICING ARRANGEMENTS

On 18 March 2015, the European Commission published a proposal to amend the Directive on administrative cooperation between Member States (Directive 2011/16/EU) introducing a mandatory automatic exchange of information on advance cross-border rulings and advance pricing arrangements. The proposal is part of the Commission’s response to the publication of confidential documents on Luxembourg tax deals by The Irish Times and other members of the International Consortium of Investigative Journalists in November 2014 in what became known as “LuxLeaks”.

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