The Proposed EU "Shell Companies" Tax Directive: Why The Investment Management Industry Should Act Now (January 2022)
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Introduction
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The European Commission has published a draft Directive aimed at curbing the use of corporate vehicles to obtain tax advantages within the EU (the "Directive").
The Directive mainly attempts to prevent non-EU investors from interposing vehicles within the EU to hold their investments and take advantage of the favourable tax regimes available to EU entities on intra-EU dividends and interest.
