Businesses Warn Against Complicating EU Shell Company Approach

Businesses welcome a plan being considered by EU countries to battle shell companies through existing law rather than a separate bill, but warn about increased complexity and administrative burdens.

EU countries tentatively support folding certain provisions of the so-called Unshell bill into a law aimed at identifying aggressive cross-border tax planning, known as DAC6.

But with the DAC6 law itself under fire from businesses and tax practitioners, countries want to see the fine print first.

“Businesses need clear and predictable rules,” said Sune Hein Lundbek, chair of the tax policy working group of BusinessEurope, a trade association ...