EU TO FORCE INTERMEDIARIES TO REPORT TAX AVOIDANCE
February 1st, 2018
Banks, accountants and lawyers that design or promote tax planning schemes to clients will have to report any that could be aggressive to national tax authorities under a new European Union (EU) directive on transparency requirements for tax intermediaries. The reporting rules, approved at a March 13 meeting of the EU Council of Ministers (Ecofin), will apply from July 1, 2020, and member states will have to fine intermediaries that fail to report. Hallmarks for “reportable cross-border arrangements” are listed in an annex to the directive. These identify ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.