CFE Opinion Statement on Evaluation of the Directive on Administrative Cooperation in the Field of Taxation
CFE Tax Advisers Europe has published an Opinion Statement concerning the EU Commission evaluation of the Directive on Administrative Cooperation in the field of taxation in The European Union Union (“DAC” – Directive 2011/16/EU).
CFE’s comments focus on DAC6, the iteration of the Directive that introduces mandatory disclosure rules in the European Union. We believe that the European Commission should use this opportunity to evaluate whether the rules are still fit for purpose and proportionate, and to explore policy options that could simplify the rules overall.
CFE in its statement identifies issues and makes recommendations surrounding:
- General Simplification of the Directive & Recast of Consolidated Version;
- Transparency of Reporting;
- Pillar 2 Compatibility;
- Professional Privilege;
- Revision of Hallmarks – Broad Hallmarks & Commercially Valid Transactions;
- Penalties;
- Taxpayers Rights – Overall Balance of Rights and Obligations in the Single Market.
