2017/0138(CNS)

Taxation: mandatory automatic exchange of information in relation to reportable cross-border arrangements

Procedure completed

2017/0138(CNS) Taxation: mandatory automatic exchange of information in relation to reportable cross-border arrangements
RoleCommitteeRapporteurShadows
Opinion CONT
Lead ECON MAUREL Emmanuel (S&D) MARTUSCIELLO Fulvio (EPP), RUOHONEN-LERNER Pirkko (ECR), WIERINCK Lieve (ALDE), PAPADIMOULIS Dimitrios (GUE/NGL), SCOTT CATO Molly (Verts/ALE), KAPPEL Barbara (ENF)
Opinion JURI
Opinion LIBE
Lead committee dossier: ECON/8/10283
Legal Basis TFEU TFEU 113, TFEU TFEU 115
Subjects
Links

Activites

  • 2018/06/05 Final act published in Official Journal
  • 2018/05/25 End of procedure in Parliament
  • 2018/05/25 Act adopted by Council after consultation of Parliament
  • 2018/03/01 Results of vote in Parliament
    • Results of vote in Parliament
    • Debate in Parliament
    • T8-0050/2018 summary
  • 2018/01/31 Committee report tabled for plenary, 1st reading/single reading
    • A8-0016/2018 summary
    • CONT
    • ECON ECON/8/10283 MAUREL Emmanuel S&D
    • JURI
    • LIBE
  • 2018/01/24 Vote in committee, 1st reading/single reading
  • 2017/07/06 Committee referral announced in Parliament, 1st reading/single reading
  • 2017/06/21 Legislative proposal published
    • COM(2017)0335 summary
    • DG {u'url': u'http://ec.europa.eu/info/departments/taxation-and-customs-union_en', u'title': u'Taxation and Customs Union'}, MOSCOVICI Pierre

Documents

AmendmentsDossier
101 2017/0138(CNS) Taxation: mandatory automatic exchange of information in relation to reportable cross-border arrangements
2017/12/18 ECON 101 amendments...
source: PE-615.388

History

(these mark the time of scraping, not the official date of the change)

2018-09-12
activities/1/committees/2/date deleted 2017-07-12
activities/1/committees/2/rapporteur deleted
  • group
    GUE/NGL
    name
    CHRYSOGONOS Kostas
activities/2 added
date
2018-01-24
body
EP
type
Vote in committee, 1st reading/single reading
committees
activities/3 added
body
EP
docs
  • url
    http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A8-2018-0016&language=EN
    text
    • The Committee on Economic and Monetary Affairs adopted, following the consultation procedure, a report by Emmanuel MAUREL (S&D, FR) on the proposal for a Council Directive amending Directive 2011/16/EU as regards mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements.

      The committee recommended that the European Parliament approve the Commission proposal subject to the following amendments:

      Objectives of the Directive: Members pointed out that the Directive shall aim to significantly limit the catastrophic consequences of tax evasion and tax avoidance on the public accounts and to improve the functioning of the internal market through discouraging the use of cross-border aggressive tax planning arrangements.

      An amendment stressed that the automatic exchange of information between tax administrations, and ensuring coordination with financial intelligence units dealing with money-laundering and terrorist financing, are crucial in order to provide these authorities with the necessary information to enable them to take action where they observe aggressive tax practices.

      Automatic and mandatory exchange of information on cross-border arrangements: the proposal obliges each Member State to take the necessary measures to ensure that intermediaries provide information to the relevant tax authorities on reported cross-border arrangements.

      Members have suggested that while conducting statutory audits of statements of their clients, auditors shall be subject to identification and disclosure obligations regarding potential breaches of the audited entity or its intermediaries of the identification and disclosure obligations which the auditor has become aware. Each Member State shall take the necessary measures to require auditors to file information with the competent authorities on such breaches within 10 working days, beginning on the day after the publication of their audits reports.

      Each Member State may, where appropriate, take the necessary measures to give intermediaries the right to a waiver from filing information on a reportable cross-border arrangement or series of such arrangements where they are entitled to a legal professional privilege under the national law of that Member State. In such circumstances, the obligation to file information on such an arrangement or series of arrangements shall be the responsibility of the taxpayer and intermediaries shall inform in writing taxpayers of this responsibility due to the privilege, keeping an acknowledgment of receipt signed by the taxpayer

      The taxpayer shall report the information on the reportable cross-border arrangement or series of arrangements to the competent authorities within 10 working days.

      Each Member State shall take the measures necessary to assess the tax arrangements disclosed through the exchange of information provided for by this Directive, as well as make available to their tax authorities the resources required.

      Reporting formats shall be succinct and easy to use so as not to hinder concrete action against reported practices.

      Commission access to information: the Commission shall be able to access relevant information so that it can monitor the proper functioning of this Directive and carry out its responsibilities under competition policies.

      Lastly, in order to enhance legal certainty for intermediaries and taxpayers, the Commission shall publish a list of the reported cross-border arrangements that could potentially be used for tax avoidance purposes, without making any reference to the intermediary or taxpayer.

      Penalties: appropriate penalties should be imposed to prevent and suppress potentially aggressive cross-border tax planning arrangements. The exchange of information between tax authorities regarding the imposition of penalties and situations where the Member State has refrained from imposing penalties should also be automatic.

      Member States shall submit to the Commission and make publicly available a list of intermediaries and taxpayers on whom penalties have been imposed under this Directive, including names, nationalities and residences.

      Inclusion of a new measure: every two years, the Commission shall publish a draft update of the list of hallmarks that define aggressive tax planning to include any new or modified tax evasion and tax avoidance arrangements that will have been identified since the previous update was published and should be brought into force within four months of the publication of the draft update.

    type
    Committee report tabled for plenary, 1st reading/single reading
    title
    A8-0016/2018
type
Committee report tabled for plenary, 1st reading/single reading
committees
date
2018-01-31
activities/4 added
date
2018-03-01
docs
body
EP
type
Results of vote in Parliament
activities/5 added
date
2018-05-25
body
EP
type
End of procedure in Parliament
activities/6 added
date
2018-05-25
body
EP/CSL
type
Act adopted by Council after consultation of Parliament
activities/7 added
date
2018-06-05
type
Final act published in Official Journal
committees/2/date deleted 2017-07-12
committees/2/rapporteur deleted
  • group
    GUE/NGL
    name
    CHRYSOGONOS Kostas
procedure/Modified legal basis added Rules of Procedure EP 150
procedure/stage_reached changed
Old
Awaiting committee decision
New
Procedure completed
2017-10-11
2017-10-03
2017-09-30
2017-09-21
2017-09-16
2017-09-07
2017-09-06
2017-07-27
2017-07-26
2017-07-19
2017-07-11
2017-06-28

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