EU Tax Pro Body Wants No More Anti-Avoidance Measures

By Matt Thompson (August 27, 2021, 11:44 AM EDT) -- The European Union should not legislate further anti-tax avoidance measures, an EU tax professional lobbying body argued Friday, saying the measures already in place are sufficient.

CFE Tax Advisers Europe said in an opinion statement that no additional legislation is required at the European level to prevent tax avoidance from being carried out through shell companies. The existing anti-tax avoidance directives, combined with the bloc's soft law, are enough without placing an undue compliance burden on taxpayers, the group said.

"New anti-avoidance initiatives are not necessary at present," CFE said, citing a "plethora of existing rules and practices enshrined in EU...

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