New transparency rules for intermediaries in tax planning
The European Commission has proposed new rules regarding transparency for intermediaries - such as tax advisors, accountants, banks and lawyers - who design and promote tax planning schemes for their clients.
The proposal aims to tackle aggressive tax planning by increasing scrutiny around the previously-unseen activities of tax planners and advisers.
In the form of an amendment to the Directive for Administration Cooperation, the European Commission will submit the proposal to the European Parliament.
Please find here a helpful factsheet relating to the European Commission's aims in obtaining a fairer and more effective tax environment in Europe:
The press release of the EU Commission and link to the proposal can be found here: