EU Tax Reporting Rules Get Pushback From Businesses, Advisers

Europe’s businesses and tax advisers are calling on the European Commission to repeal reporting requirements for cross-border tax planning across the bloc.

They say the reporting rules, known as DAC6, are costly and impose too much administrative burden.

The comments respond to the commission’s public consultation to inform its upcoming revision of the Directive on Administrative Cooperation, or DAC—the laws that govern how EU countries share tax information. The consultation closes Tuesday.

BusinessEurope called the DAC6 rules “the single largest source of administrative burden within the DAC framework while delivering declining policy value.” The group recommended that DAC6 “should be ...