TECHNICAL ROUND UP – EU PROPOSES MAJOR FINANCIAL CONTROL REFORMS FOLLOWING PANAMA PAPERS SCANDAL
June 1st, 2016
THE EUROPEAN Commission has proposed a tough set of actions to give European Union (EU) law enforcers and tax authorities more power to prevent the money laundering and tax evasion exposed through the Panama Papers leak. Brussels has proposed an amendment to the EU directive on administrative cooperation on taxation which would give tax authorities access to their own national anti-money laundering information, particularly beneficial ownership and due diligence data. It is also planning further action on protecting tax evasion whistleblowers and on how EU member ...
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