On 12 July 2016, the EU Economic and Financial Affairs Council (ECOFIN) formally adopted the Anti Tax Avoidance Directive. The Directive includes anti-avoidance rules in five areas based on outcomes of Actions 2, 3 and 4 of the OECD BEPS Project and certain other BEPS-related measures: Interest limitation rules; Exit taxation rules; A general anti-abuse rule (GAAR); Controlled foreign company (CFC) rules; and Hybrid mismatch rules. Click the following link for {News-2016-06-22/A/2- previous coverage of the rules}. The Directive will enter into force 20 days after it is published in the Official Journal of the EU, and EU Member States...