Chartered Accountants Ireland under the auspices the CCAB-I responded to the European Commission’s consultation titled “Disincentives for advisors and intermediaries for potentially aggressive tax planning schemes”.

The CCAB-I set out how Ireland already operates a mandatory disclosure regime for tax schemes and operates international information exchange and tax avoidance recommendations as prescribed by the OECD under the BEPS initiative. Another layer of duplicate laws from the European Commission is unnecessary and interferes with national sovereignty in direct tax matters.

This consultation by the Commission aims to gather views on whether there is a need for EU action aimed at introducing more effective disincentives for intermediaries or tax payers engaged in operations that facilitate tax evasion and tax avoidance.