EU TO MOVE GOALPOSTS ON TAX EVASION, WHILE OECD EXPANDS GLOBAL TAX INFORMATION EXCHANGE SYSTEM
November 2nd, 2013
THE EUROPEAN Commission is attempting to move the legal boundary where tax avoidance becomes tax evasion, criminalising some aggressive tax planning that has caused controversy across Europe. The move is one a number of recent practical tax and anti-fraud law reforms that Brussels has been pushing to help tax authorities in the European Union (EU) collect reasonable levels of revenue.Notably, the Commission wants to reform the EU parent subsidiary directive (2011/96/EU). While the law was designed to prevent double taxation of same-group companies based in ...
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