EU tax transparency rules for intermediaries

EU tax transparency rules for intermediaries

The European Commission has proposed new transparency rules for intermediaries (tax advisors, accountants, banks and lawyers) who design and promote tax planning schemes for their clients. The Commission has identified key characteristics, including the use of losses to reduce tax liability, the use of special beneficial tax regimes, or arrangements through countries that do not meet international good governance standards. Intermediaries will have to report all dealings that match these characteristics.