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EU rules on access to beneficial ownership information in force

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Amendments to the EU administrative cooperation directive aimed at preventing tax evasion and money laundering came into force on 1 January 2018. The new rules grant national tax authorities access to data on the beneficial owners of companies, trusts and other entities.

The European Commission has welcomed the new arrangements as giving tax authorities a major boost in the fight against the types of structures highlighted in the ‘Paradise papers’. Pierre Moscovici, EU taxation commissioner, said: ‘We want to give tax authorities crucial information on the individuals behind any company or trust. This is essential for them to be able to identify and clamp down on tax evaders. To do this, tax authorities will now have access to anti-money laundering information’.

This proposal was part of a package of tax transparency measures presented by the European Commission in July 2016. The amendments were adopted by the Council in November 2016 (see

Issue: 1382
Categories: News , International taxes