The European Commission today presented a package of tax transparency measures as part of its ambitious [agenda](http://europa.eu/rapid/press-release_IP-14-2703_en.htm) to tackle corporate tax avoidance and harmful tax competition in the EU.
A key element of this Tax Transparency Package is a proposal to introduce the automatic exchange of information between Member States on their tax rulings.
Click here for the EC [Communication](http://europa.eu/rapid/press-release_IP-15-4610_en.htm).
Next Steps
The two legislative proposals of this package will be submitted to the European Parliament for consultation and to the Council for adoption. Member States should agree on the Tax Rulings proposal by the end of 2015, so that it can enter into force on 1 January 2016. Given that the European Council in December 2014 called on the Commission to make this proposal, full political commitment on reaching a timely agreement should be expected.
The next milestone will be an Action Plan on Corporate Taxation which will be presented before the summer. This second Action Plan will focus on measures to make corporate taxation fairer and more efficient within the Single Market, including a re-launch of the Common Consolidated Corporate Tax Base (CCCTB) and ideas for integrating new OECD/G20 actions to combat base erosion and profit shifting (BEPS) at EU level.
[The Proposal on automatic exchange of information](http://ec.europa.eu/taxation_customs/resources/documents/taxation/company_tax/transparency/com_2015_135_en.pdf)
[Tax Transparency](http://europa.eu/rapid/press-release_MEMO-15-4609_en.htm)