Strategizing International Tax Best Practices – by Keith Brockman

The EU Parliament will open an inquiry, Taxe 3, into financial crime, tax evasion and tax avoidance as a follow-up to the unfinished work released from the Paradise Papers.  A special committee of 45 MEPs will spend a year on this project, with a primary focus on VAT fraud via offshore tax havens.

This development continues the trend to identify potential abuses, albeit via legal sovereign laws and/or intentional illegal tax evasion.

Thus, the reputational risk of all multinationals is still at the forefront of today’s news.  This development should be monitored for transparency and spill-over effects.

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