EC proposal to end misuse of shell entities in EU for tax purposes could reveal those used in trade-based financial crimes
The European Commission (EC) has published Anti-Tax Avoidance Directive 3 (ATAD 3) laying down rules to prevent the misuse of shell entities for improper tax purposes throughout the European Union (EU). While the directive aims to clamp down on the use of shell companies for…
Addressing IFFs one of six challenges in the post Covid-19 era says virtual UN gathering
Addressing illicit financial flows (IFFs) was one of six major financing challenges focused on at a virtual high-level event –Financing for Development in the Era of Covid-19 and Beyond – convened by the UN Secretary-General and the leaders of Canada and Jamaica. The 28 May…
