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EU consultation on disincentives for advisors for potentially aggressive tax planning schemes

Monday, 21 November, 2016

The European Commission (EC) has launched a public consultation on disincentives for advisors and intermediaries for potentially aggressive tax planning schemes.

Recent public discussions, such as the Mossack Fonseca client data leak, have shown the crucial role that certain intermediaries play in facilitating tax avoidance and tax evasion and several calls have been made for the EU to take the lead in this field. The European Parliament has called for tougher measures against intermediaries who assist in tax evasion schemes.

The EC consultation 'aims to gather views on whether there is a need for EU action aimed at introducing more effective disincentives for intermediaries or taxpayers engaged in operations that facilitate tax evasion and tax avoidance and in case there is, how it should be designed'.

The results of the consultation will be published in due course and the EC stated that it might be complemented 'by further targeted consultations with Member States, experts, professional associations, think tanks and others'.

STEP encourages members to reply to this consultation which is in the form of an individual, online questionnaire. Please submit your responses to Rachel Dignam (rachel.dignam@iccwbo.org) by close of business on 13 January 2017.

Sources