It's not too late to prepare for impact of anti-tax avoidance directive ATAD III

clock • 4 min read

On 22 December 2021, the European Commission published an anti-tax-avoidance directive intended to neutralise the misuse of shell entities for tax purposes says Sanjeev Jewootah, Director at Crestbridge Luxembourg.  Known as ATAD III, the draft Directive is aimed at EU-resident entities, including SMEs, partnerships, trusts, and other legal arrangements which claim benefits under double tax treaties and other EU Directives, but which lack a minimum level of economic substance.  This directive is one of the initiatives to improve the current tax system with a focus on ensuring fair and...

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