EU and OECD convergence on international tax standards - focus on aggressive tax planning and its foreseeable future developments

Both the OECD and the EU have undertaken actions in respect of phenomena of base erosion and profit shifting. The simultaneous work of the OECD and the EU on the same matter allows a comparison of the principles guiding the two international organizations, as well as an assessment on whether their work is converging or somehow going towards different directions. This paper first addresses these issues from a general standpoint, and it then focuses on hybrid mismatch arrangements.