Transparency for intermediaries

On 21st June 2017, the European Commission proposed new transparency rules for intermediaries that design or sell potentially harmful tax schemes. Intermediaries are firms or persons, such as consulting firms, banks, lawyers, tax advisors, accountants, etc. which can help their clients to set up schemes to reduce their tax bills. Most services provided by intermediaries are legitimate. However, recent cases, such as the Panama Papers, exposed the role that some of these intermediaries may play in international tax avoidance and evasion by designing schemes that are specifically set up to help their clients escape taxation.

The link address is: https://ec.europa.eu/taxation_customs/business/company-tax/transparency-intermediaries_en