Amendment to EU directive strengthens fight against ‘aggressive’ tax planning

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Amendment to EU directive strengthens fight...
 © CyprusMail 2019
By Elena Christodoulou

The European Union has added further impetus to its objective of enhancing transparency against harmful tax practices with the amendment to Directive 2011/16/EU, commonly referred to as DAC6.

This builds on the Common Reporting Standard (CRS), which allows for the automatic exchange of information on financial accounts held by non-tax residents at an international level and the Base Erosion and Profit Shifting (BEPS) project of the Organisation for Economic Co-operation and Development. In brief, DAC6 requires the mandatory...


This article was automatically added to our system 25-8-2019

Amendment to EU directive strengthens fight against ‘aggressive’ tax planning


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Article Tags: amendment, directive, strengthens, fight, against, aggressive, planning,