Close Menu
    Latest Category
    • Finance
    • Tech
    • EU Law
    • Energy
    • About
    • Contact
    EUbusiness.com | EU news, business and politicsEUbusiness.com | EU news, business and politics
    Login
    • EU News
    • Focus
    • Guides
    • Press
    • Jobs
    • Events
    • Directory
    EUbusiness.com | EU news, business and politicsEUbusiness.com | EU news, business and politics
    Home » New EU rules against tax evasion, money laundering enter into force

    New EU rules against tax evasion, money laundering enter into force

    npsBy nps4 January 2018 No Comments1 Min Read
    — Filed under: EU News Headline1 Tax
    Share
    Facebook Twitter LinkedIn Pinterest Email
    New EU rules against tax evasion, money laundering enter into force

    Photo © Maksym Yemelyanov – Fotolia

    (BRUSSELS) – New rules which oblige EU Member States to give tax authorities access to data collected under anti-money laundering legislation entered into force on 1 January 2018.

    As of 1 January 2018, national tax authorities will have direct access to information on the beneficial owners of companies, trusts and other entities, as well as customer due diligence records of companies.

    The new arrangements should give a major boost to tax authorities in the fight against the types of structures highlighted in the ‘Paradise Papers’.

    The European Commission welcomed the new rules: “We want to give tax authorities crucial information on the individuals behind any company or trust,” said Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs. “This is essential for them to be able to identify and clamp down on tax evaders. To do this, tax authorities will now have access to anti-money laundering information.”

    The EU executive says the new amended rules, enshrined in the Directive on Administrative Cooperation (Directive 2011/16/EU), will give tax authorities much-needed access and enable them to react quickly and efficiently to cases of tax evasion and avoidance.

    Add A Comment
    Leave A Reply Cancel Reply

    You must be logged in to post a comment.

    nps
    • Website

    Related Content

    Gaming Fortnite - Image by Pixabay

    EU moves to make Internet safer for children

    Pesticides spraying - Photo by Mirko Fabian on Unsplash

    Sales of pesticides in the EU continue downward path

    Euro - ECB-Photo by Mika Baumeister on Unsplash

    Dollar soars as US/China tariffs cut – Euro currency news daily

    ECRE logo

    Director, European Council on Refugees and Exiles, ECRE

    Printer - Image by Steve Buissinne from Pixabay

    New electrical appliances standards bring energy savings and lower bills for EU consumers

    Henna Virkkunen - Masaaki Taira - Photo © European Union 2025

    EU and Japan strengthen tech and digital partnership

    LATEST EU NEWS
    Gaming Fortnite - Image by Pixabay

    EU moves to make Internet safer for children

    13 May 2025
    Pesticides spraying - Photo by Mirko Fabian on Unsplash

    Sales of pesticides in the EU continue downward path

    13 May 2025
    Euro - ECB-Photo by Mika Baumeister on Unsplash

    Dollar soars as US/China tariffs cut – Euro currency news daily

    13 May 2025
    Printer - Image by Steve Buissinne from Pixabay

    New electrical appliances standards bring energy savings and lower bills for EU consumers

    12 May 2025
    Henna Virkkunen - Masaaki Taira - Photo © European Union 2025

    EU and Japan strengthen tech and digital partnership

    12 May 2025

    Subscribe to EUbusiness Week

    Get the latest EU news

    CONTACT INFO

    • EUbusiness Ltd 117 High Street, Chesham Buckinghamshire, HP5 1DE United Kingdom
    • +44(0)20 8058 8232
    • service@eubusiness.com

    INFORMATION

    • About Us
    • Advertising
    • Contact Info

    Services

    • Privacy Policy
    • Terms
    • EU News

    SOCIAL MEDIA

    Facebook
    eubusiness.com © EUbusiness Ltd 2025

    Design and developed by : 

    Type above and press Enter to search. Press Esc to cancel.

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?