Cum-ex tax fraud scandal: MEPs call for inquiry, justice, and stronger tax authorities

This article is brought to you in association with the European Parliament. MEPs on Thursday called for an inquiry, rule changes and stronger tax authorities as a result of the EUR 55 billion cum-ex tax fraud. The tax fraud, which was uncovered by a team of investigative journalists and has affected at least 11 EU member […]

The EU to fight cross-border tax evasion with a toothless directive

On Tuesday 6 October the powerful Economic and Financial Affairs Council of the European Union, the well know ECOFIN group, took a decision advertised to be monumental. For the first time ever the 28 EU countries agreed to shed some light on the ‘tax rulings’, as well as at the ‘advance pricing arrangements’. These are […]

Commission presents far-reaching anti-tax evasion measures

As from January 2015 dividends, capital gains and all other financial incomes and bank account balances will be added to the currently existing restricted list of categories subject to the automatic exchange of information between the EU tax authorities, according to a proposal by the EU Commissioner Algirdas Šemeta. Practically today only interest on bank […]