Written by Cécile Remeur (3rd edition),

Updated on 4.7.2018

© Argus / Fotolia

The situations highlighted by the ‘Panama papers’ and ‘Paradise papers’, among others leaks show how certain intermediaries and other providers of tax advice appear to have facilitated companies and individuals in avoiding taxation, often through complex cross-border schemes involving routing assets to, or through, offshore entities. Among the tools to fight tax avoidance and aggressive tax planning are established mechanisms for disclosure of tax information and publication of tax-relevant information by companies. In June 2017, the Commission adopted a proposal aimed at ensuring early information on such situations, by setting an obligation to report cross-border arrangements designed by tax intermediaries or taxpayers and by including the information collected in the automatic exchange of information between tax authorities within the European Union. The directive was adopted on 25 May 2018, and it is to be applied from 1 July 2020.

Interactive PDF

Proposal for a Council directive amending Directive 2011/16/EU as regards mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements
Committee responsible: Economic and Monetary Affairs (ECON) COM(2017) 335 of 21.6.2017

procedure ref.: 2017/0138(CNS)

Consultation procedure – parliament adopts only a non-binding opinion
Rapporteur: Emmanuel Maurel (S&D, France)
Shadow rapporteurs:

 

 

 

 Fulvio Martusciello (EPP, Italy)
Pirkko. Ruohonen-Lerner (ECR, Finland)
Lieve Wierinck (ALDE, Belgium)
Dimitrios Papadimoulis (GUE/NGL, Greece)
Molly Scott Cato (Greens/EFA, UK)
Barbara Kappel (ENF, Austria)
Procedure completed. Council Directive (EU) 2018/822
OJ L 139, 5.6.2018, pp. 1-13

timeline 7 steps finished - adoption by council