Pandora Papers Lead The European Commission to Propose a New Directive to Target Shell Companies

October 31, 2021

Summary

The European Commission proposed a new directive in December to target shell companies, three months after the Pandora Papers investigations were published. The proposal wants to deprive entities that have little to no economic activity of tax benefits.

Country:

Cross Border.

Date:

October 2021

Details

The European Commission proposed a new directive in December to target shell companies, three months after the Pandora Papers investigations were published. The proposal wants to deprive entities that have little to no economic activity of tax benefits. ARIJ collaborated with 600 journalists worldwide and published several investigations based on financial record leaks from offshore companies.

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