The EC’s proposed reporting rules on cross-border tax planning

Hatice Ismail, Martin Shah and Gary Barnett’s article for Tax Journal examines the EU Commission’s proposals for mandatory disclosure and automatic exchange of information in relation to cross-border tax planning arrangements.
  • Submitted 14 July 2017
  • Applicable Law European Union , UK
  • Topic Tax > Corporate

On 21 June 2017, the European Commission published proposals to extend mandatory disclosure and automatic exchange of information to cross-border tax planning arrangements bearing certain characteristics or "hallmarks". Under the proposal, each member state will need to require "intermediaries" (such as banks, accountants and lawyers) to report on such cross-border tax planning arrangements, so that the member state will be in a position to, and will be required to, exchange such information with other member states. As the accompanying press release explains, the purpose is "to tackle such aggressive tax planning by increasing scrutiny around the previously-unseen activities of tax planners and advisers".

Hatice Ismail, Martin Shah and Gary Barnett’s article explains the proposals. To read the full article, click here.

This article was first published in the 07 July 2017 edition of Tax Journal.

This document (and any information accessed through links in this document) is provided for information purposes only and does not constitute legal advice. Professional legal advice should be obtained before taking or refraining from any action as a result of the contents of this document.