EU trying to close 'letter-box subsidiary' tax loophole

The European Commission will attempt to close a loophole that allows companies to cut their tax bill, a top official said on Monday, but the EU executive will first need to persuade member countries to back the change.

via Business feed http://www.scmp.com/business/economy/article/1365995/eu-trying-close-letter-box-subsidiary-tax-loophole