On Wednesday 21 June, the European Commission presented the “decisive link in the chain” that the EU’s arsenal of weapons to fight aggressive tax planning was hitherto lacking, said the Commissioner for Taxation, Pierre Moscovici.
This legislative proposal, which has already been broadly described by EUROPE (see EUROPE 11804), will require tax intermediaries - lawyers, consultants, accountants, banks - to submit to the European tax authorities the schemes they devise for all types of...