Proposal for a Council Directive on a Common System of Taxation applicable to Interest and Royalty Payments made between Parent Companies and Subsidiaries in Different Member States - Intertax View Proposal for a Council Directive on a Common System of Taxation applicable to Interest and Royalty Payments made between Parent Companies and Subsidiaries in Different Member States by - Intertax Proposal for a Council Directive on a Common System of Taxation applicable to Interest and Royalty Payments made between Parent Companies and Subsidiaries in Different Member States 19 1 Intertax