The European Commission has launched a public consultation on Tax evasion & aggressive tax planning in the EU – tackling the role of enablers. The initiative aims to step up the fight against tax evasion and aggressive tax planning by addressing the role of enablers who create these complex and non-transparent structures. This includes three main options as well as new requirements for both individuals and legal persons in the EU to declare any participation above 25% of the shares, voting rights, ownership interest, bearer shareholdings, or control via other means in a non-listed company located outside of the EU. The consultation period ends on 12 October 2022.
Source Orbitax
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