07/06/2018 (Agence Europe) – On Thursday 7 June, the European Commission sent reasoned opinions to Greece, Ireland, Luxembourg, Romania and Cyprus for failure to abide by the obligation to notify the full transposition of the fifth directive on administrative cooperation, which introduces access for the national tax administrations to the beneficial owners of trust and shell companies (see EUROPE 11683). These five countries have two months to act, or risk being referred to the Court of Justice of the EU. The Commission has also decided to close the corresponding infringement procedure against Bulgaria, which has since transposed the measures in question. The Commission also took action against another transparency deficit, this time concerning the Czech Republic, which has been put on formal notice correctly to transpose the rules on the automatic exchange of information in the field of taxation. (MF)