EU Seeks Public's View In Battle Against Abuse Of Shell Cos.

By Joseph Boris (June 8, 2021, 6:20 PM EDT) -- European Union officials are seeking public comment on the abuse of shell companies in an effort to collect data and evidence that will be used in the drafting of new rules to deter tax avoidance.

In a public consultation that began Friday, the European Commission, the bloc's executive arm, highlighted problems posed by the use for tax purposes of companies with little or no real economic activity in the EU.

The commission said responses to its consultation would inform the drafting of new criteria and processes being developed for the next version of the EU's list of uncooperative tax jurisdictions....

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