UK May Shun EU Anti-Avoidance Law If No Brexit Deal

Law360 (January 9, 2020, 5:54 PM EST) -- The British government might not implement a European Union anti-tax avoidance law if the U.K. leaves the bloc with no deal, HM Treasury said in a report issued Thursday.

The U.K. might not carry out the European Commission's Directive on Administrative Cooperation after it leaves the European Union on Jan. 31. (AP) The European Commission's Directive on Administrative Cooperation, or DAC6, requires taxpayers and their advisers to provide details of cross-border arrangements to tax authorities if they have features commonly seen in schemes that are used to avoid or evade tax. The HM Treasury report details how the U.K. government could react under...

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