Initiative on introducing effective disincentives for advisors, promoters and enablers of aggressive tax planning schemes resulting in tax avoidance or evasion. The Commission is setting out the priority next steps in its work for fairer, more transparent and more effective taxation.
The Commission Communication of 5 July 2016 outlines the Commission's assessment of the priority areas for action in the coming months, at EU and international level, to strengthen the fights against tax evasion, avoidance and illicit activity. Increasing oversight of intermediaries and advisors is one of the elements of that assessment. At EU level, on 5 July 2016 the Commission has proposed amendments to the Fourth Anti-Money Laundering Directive to enhance transparency of beneficial ownership structures of corporate entities and other legal arrangements. The same day, the Commission has adopted a proposal to ensure that tax authorities have access to and exchange where relevant information on beneficial ownership and customer due diligence measures in the context of amendments to the Directive on Administrative Cooperation Directive (DAC). This Inception Impact Assessment deals with additional and complementary action to ensure that effective disincentives for advisors, promoters and enablers of aggressive tax planning schemes are also put in place.