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Analysis

Tax Pros Brace For EU Disclosure Rule On Global Setups

Law360 (March 6, 2019, 3:07 PM EST) -- Despite its frustrated attempts to achieve qualified majority voting on tax matters, the outgoing European Commission can point to one strong anti-avoidance rule, due to come into force next year, that some tax professionals find alarming. And to some observers, that’s exactly the point.

Some tax professionals are wary of a coming European Union rule that will force tax preparers to disclose strategies of cross-border arrangements. (AP) The European Union’s DAC6 directive, Directive on Administrative Cooperation, forces tax preparers to reveal strategies on cross-border arrangements to authorities, in an effort that the EU hopes will help stop tricks used to hide money from...

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