On 1 March, Parliament voted overwhelmingly in support of a Commission proposal requiring intermediaries – including lawyers – to provide information on EU and global tax schemes bearing certain indicators or ‘hallmarks’. Despite requiring unanimity for adoption, the proposed Directive looks set to be approved by the EU Council in the near future. Parliament will continue to keep harmful tax practices on its radar via its latest special committee on financial crime, tax evasion and avoidance. Building on the work of its predecessors, ‘TAX3’ will also focus on digital taxation and the third country (non EU) dimension.
For more information, please contact the secretariat here.