Chartered Accountants Ireland, under the auspices of the CCAB-I, recently responded to the European Commission’s consultation on tax evasion & aggressive tax planning in the EU. In the response, the Institute highlighted that tax evasion and tax planning are separate issues and should not be conflated. In addition, the Institute highlighted the suite of measures introduced in the last decade to combat tax planning, including OECD BEPS, ATAD, DEBRA, ILR, etc. The Institute suggests that the impact of these measures and initiatives are first analysed before further measures are considered.
Accountancy Europe, an international body representing 50 of the major accountancy bodies across Europe (including Chartered Accountants Ireland), also recently responded to the European Commission’s consultation on tax evasion & aggressive tax planning. In their response, they also outlined the difference between tax evasion and tax planning and highlighted that most tax intermediaries are regulated persons who must adhere to professional standards of conduct. In addition, it noted in its response that the suite of measures introduced in the last decade (including OECD BEPS, ATAD, DEBRA, ILR., etc.) must first be analysed before further measures are considered.