Accountants, lawyers and other financial professionals who operate tax-avoidance schemes could be targeted by a new European Union (EU) law. Paul, President of the European Commission, told MEPs on 30 May that he plans to draft the law, prompted by the Panama Papers scandal, before the end of next month. The draft proposal would require approval by EU member states and would not come into operation until January 2019, shortly before the UK is set to leave the union. The EU is set to publish a tax havens blacklist at the end of this year.
Accountants, lawyers and other financial professionals who operate tax-avoidance schemes could be targeted by a new European Union (EU) law. Jean-Claude Juncker, President of the European Commission, told MEPs on 30 May that he plans to draft the law, prompted by the Panama Papers scandal, before the end of next month. The draft proposal would require approval by EU member states and would not come into operation until January 2019, shortly before the UK is set to leave the union. The EU is set to publish a tax havens blacklist at the end of this year.