Mandatory disclosure rules for intermediaries involved in reportable cross-border tax arrangements form part of plans by the EU to increase transparency among member states.
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The European Commission has submitted plans to introduce mandatory disclosure rules for intermediaries involved in reportable cross-border tax arrangements.
The proposal for a new Council Directive, which also provides for an automatic exchange of the reported information to other member states, is the latest in a string of transparency initiatives put forward by the EU, which aim to curb the use of aggressive tax planning arrangements.
“Aggressive tax planning” is not defined in the proposal, but “hallmarks” of offending arrangements are listed, which include those that do not comply with the arm’s-length principle, or with t
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