At the Economic and Financial Affairs Council (ECOFIN) meeting last week, EU Finance Ministers agreed to strengthen the Code of Conduct on Business Taxation. The measures, which are the first reform of the Code of Conduct since 1997, were proposed by the Commission in the 2020 Tax Action Plan. Member States will be prevented from introducing general features into their tax systems that could have harmful effects from a tax perspective. This includes measures that could result in double non-taxation or the double use of tax benefits.