European Commission 'Tax Intermediaries' Directive and CFE response
Released 12 October 2017
The Confédération Fiscale Européenne (CFE) has published comments on the proposed EU ‘Tax Intermediaries’ directive mandating disclosure of cross-border tax avoidance schemes.
On 21 June 2017, the European Commission proposed a 5th amendment to the Directive on mandatory automatic exchange of information in the field of taxation (Directive 2011/16/EU) as regards mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements (the Tax Intermediaries Directive). The directive establishes mandatory disclosure of reportable cross-border tax avoidance schemes coupled with automatic exchange of information among Member states, who will have until 31 December 2018 to transpose the directive into national implementing laws once it is adopted by the Council of the EU, with the proposed rules entering into force on 1 January 2019.
For more information and to view and/or download the summary, see Summary - European Commission 'Tax Intermediaries' Directive & CFE Response.