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EU Seeks Feedback on Stopping Tax Abuse Via Shell Companies

June 4, 2021, 8:50 PM

The European Commission is looking for input as it mulls rules to stop companies from using shell entities to avoid tax.

  • The consultation will gather information on how and to what extent companies use shell entities—which have little or no substance, such as employees or assets—to lower their taxes, the Commission said Friday. The Commission is exploring EU-wide measures to tackle the problem, and is asking for information on existing measures and potential impacts of new rules.
  • In a far-reaching plan for corporate tax overhauls across the bloc, released in May, the Commission said it would introduce ...

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