EU COMMISSION LAUNCHES PUBLIC CONSULTATION ON NEW INITIATIVE TO FIGHT THE ABUSIVE USE OF SHELL COMPANIES IN THE EU

On 8 June, the EU Commission announced a new public consultation ahead of a new initiative to fight the abusive use of shell companies, i.e. companies with no or minimal substantial presence, or real economic activity.  It says that recent media investigations have brought the issue to the attention of the general public, and have been followed by calls for action from the European Parliament, from citizens, NGO, journalists and civil society in general.  The consultation runs to 27 August.

https://ec.europa.eu/info/law/better-regulation/have-your-say/initiatives/12999-Tax-avoidance-fighting-the-use-of-shell-entities-and-arrangements-for-tax-purposes_en

Any modest contributions for my time and ongoing expenses are welcomed!  I have a page, where contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s