ACTION: European Commission to table new proposals on ‘shell companies’ before end of year in wake of Pandora Papers - AML Intelligence
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ACTION: European Commission to table new proposals on ‘shell companies’ before end of year in wake of Pandora Papers

Photo Credit: Europarl Multimedia

By Elizabeth Hearst for AMLi

The European Commission is set to table new proposals on ‘shell companies’ before the end of the year, according to European Commissioner for the Economy, Paolo Gentiloni. 

Speaking to the European Parliament as part of a debate on the recently published Pandora Papers, Mr Gentiloni revealed the Commission’s plans to propose new legislation to “enhance tax transparency” and “tackle the misuse of shell companies for tax purposes”. 

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