European Commission Action Plan to strengthen fight against tax fraud and tax evasion

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Yesterday, 6 December 2012, the European Commission published a Communication entitled An Action Plan to strengthen the fight against tax fraud and tax evasion (COM(2012) 722 final). Simultaneously, the Commission sent the Member States two specific Recommendations that are included in the Action Plan’s proposals for new initiatives:

  • One on tax havens - including the adoption of a common definition and creation of a "toolbox" of defensive measures which could include suspension or termination of double tax conventions with those countires deemed to be a tax haven
  • One on aggressive tax planning, centering upon the inclusion of a preventive clause in Member States’ Double Tax Conventions and the recommendation that all Member States adopt a General Anti-Abuse Rule

More information is included in the attached alert : click here