EU Commission Examines Possible Disincentives for Tax Avoidance Advisors

EU Commission Examines Possible Disincentives for Tax Avoidance Advisors
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EU Commission Examines Possible Disincentives for Tax Avoidance Advisors
November 11th, 2016
The European Commission has launched a public consultation to gather views on whether there is a need for EU action aimed at introducing more effective disincentives for intermediaries or tax payers engaged in operations that facilitate tax evasion and tax avoidance and how such action should be design.
Background: Intermediaries Assisting Tax Avoidance

The European Commission has launched a public consultation to gather views on whether there is a need for EU action aimed at introducing more effective disincentives for intermediaries or tax payers engaged in operations that facilitate tax evasion and tax avoidance and how such action should be design.

Background: Intermediaries Assisting Tax Avoidance

Many companies use intermediaries to design financial structures that help them to avoid tax. These intermediaries can include consultants, lawyers, financial and investment advisers, accountants, financial institutions, insurance intermediaries, and agents who set up companies.

Key Objectives

In its work on Tax Avoidance and Transparency, the EU listed key objectives that focus on disincentives for the intermediaries who promote or enable tax evasion and avoidance schemes:

  • Dissuade intermediaries and users of potentially aggressive tax planning schemes from promoting and using them to the detriment of society;
  • Ensure that national tax authorities have timely access to relevant information on such schemes;
  • Avoid distortions in the single market due to diverging reporting requirements as regards such schemes so as to ensure a level playing field amongst intermediaries;
  • Facilitate administrative cooperation between tax authorities to tackle cross-border abuse;
  • Improve taxpayer voluntary compliance by introducing reassurances on the fairness of the system.

The Consultation

This consultation aims to gather views on whether there is a need for EU action aimed at introducing more effective disincentives for intermediaries engaged in operations that facilitate tax evasion and tax avoidance and in case there is, how it should be designed. This consultation wants to gather views in particular on the following:

  • Need for EU action;
  • The different options identified, in case EU action is appropriate;
  • The key design features of a possible disclosure regime.

Sources: EC - Press Release, EC - Consultation
 

EU Commission Examines Possible Disincentives for Tax Avoidance Advisors
; posted on
November 11th, 2016
The European Commission has launched a public consultation to gather views on whether there is a need for EU action aimed at introducing more effective disincentives for intermediaries or tax payers engaged in operations that facilitate tax evasion and tax avoidance and how such action should be design.
Background: Intermediaries Assisting Tax Avoidance
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