The Council of the EU has adopted transparency rules to prevent aggressive cross-border tax planning. The rules target intermediaries such as tax advisers, accountants, and lawyers that design and/or promote tax planning schemes.
Intermediaries must report potentially aggressive schemes. Information received by the relevant authorities would be automatically exchanged through a centralised database. Non-compliance with the reporting requirements would lead to fines being imposed on intermediaries.
Full press release
Transparency rules
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