Rules against shell company tax avoidance

by name voted on 17.01.2023

Summary

A new EU directive aims to stop companies from using 'shell entities' to avoid paying taxes. It sets rules for what counts as a real business versus a tax-avoidance scheme.

9 17.01.2023

Other

taxation

european union

business and competition

Key points

Identification of high-risk companies through specific financial indicators, such as predominantly passive income levels.
Requirement for businesses to prove they have a real local presence, including physical premises and qualified staff.
Implementation of strict financial penalties, including fines based on a percentage of revenue for false declarations.
Enhanced cooperation between EU Member States through the use of joint tax audits.

Vote

PPE

S&D

Renew

Verts/ALE

ID

ECR

NI

The Left

Total

Speeches

18 Speeches in total

Pro

Contra

Aurore LALUCQ

S&D

1:19 min

15. Rules to prevent the misuse of shell entities for tax purposes * (debate)

Andżelika Anna MOŻDŻANOWSKA

Andżelika Anna MOŻDŻANOWSKA

ECR

15. Rules to prevent the misuse of shell entities for tax purposes * (debate)

Documents (PDFs)

REPORT on the proposal for a Council directive laying down rules to prevent the misuse of shell entities for tax purposes and amending Directive 2011/16/EU Rules to prevent the misuse of shell entities for tax purposes

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