Strategizing International Tax Best Practices – by Keith Brockman

The European Parliament has adopted proposed changes to the draft seventh directive, amending 2011/16/EU, for information exchanges of online platforms.

Recent recommendations for adoption ensures this information can be used for other data sharing purposes (e.g., money laundering). Additionally, the expansion of beneficial ownership transparency and inclusion of real estate, trusts, crypto assets and some capital gains is included.

https://data.consilium.europa.eu/doc/document/ST-13130-2020-REV-1/en/pdf

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