ECONOMY - FINANCE / Taxation

European Commission wants to put an end to abuse of shell entities

Brussels, 22/12/2021 (Agence Europe)

On Wednesday 22 December, the European Commission officially presented a proposal for a directive to detect ‘shell entities’ used for tax evasion and avoidance in the European Union.

This proposed directive will allow us to “step up the fight against tax evasion and fraud by tightening the screws on shell entities”, said EU Commissioner of Taxation Paolo Gentiloni. He cited numerous examples from media investigations showing the “misuse” that can be made of these...