Fighting the use of shell entities and arrangements for tax purposes
The European Commission published a new initiative to explore the most suitable options to ensure that legal entities and legal structures in the EU without a substantial business presence will not benefit from a tax advantage.
The initiative is an initial step towards one of the five actions for corporate tax reform set out in the Commission’s Communication on Business Taxation for the 21st century.
It is intended that the initiative will focus on situations where the ultimate objective is to minimise the overall taxation of a group or of a given structure. Interested parties are invited to respond to the Roadmap by 17 June 2021.