Debt-equity bias reduction allowance and limiting the deductibility of interest for corporate income tax purposes

AdoptedReference A9-0387/2023Committee ECONTaxation

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How the groups voted

GroupForAgainstAbstainedAbsentUnity

The Left38

03404100%

S&D141

1131052288%

Greens/EFA71

The European Parliament adopted by 324 votes to 132 with 155 abstentions, following a special legislative procedure (Parliament’s consultation), a legislative resolution on the proposal for a Council directive on laying down rules on a debt-equity bias reduction allowance and on limiting the deductibility of interest for corporate income tax purposes.The proposed directive lays down rules on the deduction, for corporation tax purposes, of an allowance on increases in equity capital and on limiting the tax deductibility of additional borrowing costs.Parliament approved the Commission's proposal with amendments to assist SMEs.According to Members, an allowance on equity should be deductible, for:…