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"This new system is a big improvement. It will encourage investment by creating a more favourable tax environment and reducing costs for businesses", said Toomas Tõniste, minister for finance of Estonia, which currently holds the Council presidency.
The directive was adopted at a meeting of the Economic and Financial Affairs Council, without discussion. This follows an agreement at the Council's meeting on 23 May 2017.
2017 directive on double taxation dispute resolution mechanisms
Remarks by Vice-President Dombrovskis at the ECOFIN press conference in Luxembourg