BEGIN:VCALENDAR
VERSION:2.0
PRODID:-//PYVOBJECT//NONSGML Version 1//EN
BEGIN:VTIMEZONE
TZID:Europe/Brussels
BEGIN:STANDARD
DTSTART:20001029T030000
RRULE:FREQ=YEARLY;BYDAY=-1SU;BYMONTH=10
TZNAME:CET
TZOFFSETFROM:+0200
TZOFFSETTO:+0100
END:STANDARD
BEGIN:DAYLIGHT
DTSTART:20000326T020000
RRULE:FREQ=YEARLY;BYDAY=-1SU;BYMONTH=3
TZNAME:CEST
TZOFFSETFROM:+0100
TZOFFSETTO:+0200
END:DAYLIGHT
END:VTIMEZONE
BEGIN:VEVENT
UID:20260715T233647Z - 97948@eupv478
DTSTART;TZID=Europe/Brussels:20220324T160000
DTEND;TZID=Europe/Brussels:20220324T180000
CREATED:20260715T233647Z
DESCRIPTION:<a href="https://www.legitech.lu/event/european-commissions-pro
 posal-for-a-council-directive-on-shell-entities-further-enhancement-of-the
 -aggressive-tax-planning-toolbox-251/register">European Commission’s Pro
 posal for a Council Directive on Shell Entities:  further enhancement of t
 he aggressive tax planning toolbox?</a>\nContents: On 22 December 2021\, t
 he European Commission released a proposal for a Council Directive laying 
 down rules to prevent the misuse of shell entities for tax purposes. The i
 nitiative was triggered by the impression on the part of the Commission th
 at entities set up in the EU with no or only minimal substance\, performin
 g no or very little economic activity\, continue to pose a risk of being u
 sed for aggressive tax planning structures. Substance was always an import
 ant topic in international taxation when entities perform cross-border inv
 estment and business activities. However\, the awareness about substance h
 as only increased throughout the OECD Base Erosion and Profit Shifting (
 “BEPS”) Project that focused on substance and transparency as two cent
 ral topics. The OECD BEPS Project had a significant impact on the internat
 ional tax landscape. In the EU\, two EU Anti-tax Avoidance Directives (“
 ATAD” and “ATAD 2”) have been adopted that required EU Member States
  to implement a number of anti-abuse provisions. Moreover\, bilateral tax 
 treaties have been modified through the multilateral instrument (“MLI”
 ) with a view to implement various anti-abuse provisions such as the princ
 ipal purposes test. In addition\, in order to increase transparency\, a se
 ries of directives on administrative cooperation\, the “DAC” series\, 
 were put in place. The latest\, DAC 6 requires reporting of potentially ag
 gressive transactions in corporate tax matters. Hence\, the tax authoritie
 s of EU Member States have already a comprehensive arsenal of anti-abuse r
 ules that allow them to tackle abusive situations and an efficient coopera
 tion framework that should allow them to be aware of any residual tax avoi
 dance or aggressive tax planning arrangements. In this respect\, the quest
 ions arise if the objectives pursued by the proposed Directive of countera
 cting tax avoidance and addressing tax evasion [...]
DTSTAMP:20260715T233647Z
LOCATION:Chamber of Commerce\, 7 Rue Alcide de Gasperi - Kirchberg\, 2981 L
 uxembourg
SUMMARY:European Commission’s Proposal for a Council Directive on Shell E
 ntities:  further enhancement of the aggressive tax planning toolbox?
X-ALT-DESC;FMTTYPE=text/html:<a href="https://www.legitech.lu/event/europea
 n-commissions-proposal-for-a-council-directive-on-shell-entities-further-e
 nhancement-of-the-aggressive-tax-planning-toolbox-251/register">European C
 ommission’s Proposal for a Council Directive on Shell Entities:  further
  enhancement of the aggressive tax planning toolbox?</a>\nContents: On 22 
 December 2021\, the European Commission released a proposal for a Council 
 Directive laying down rules to prevent the misuse of shell entities for ta
 x purposes. The initiative was triggered by the impression on the part of 
 the Commission that entities set up in the EU with no or only minimal subs
 tance\, performing no or very little economic activity\, continue to pose 
 a risk of being used for aggressive tax planning structures. Substance was
  always an important topic in international taxation when entities perform
  cross-border investment and business activities. However\, the awareness 
 about substance has only increased throughout the OECD Base Erosion and Pr
 ofit Shifting (“BEPS”) Project that focused on substance and transpare
 ncy as two central topics. The OECD BEPS Project had a significant impact 
 on the international tax landscape. In the EU\, two EU Anti-tax Avoidance 
 Directives (“ATAD” and “ATAD 2”) have been adopted that required E
 U Member States to implement a number of anti-abuse provisions. Moreover\,
  bilateral tax treaties have been modified through the multilateral instru
 ment (“MLI”) with a view to implement various anti-abuse provisions su
 ch as the principal purposes test. In addition\, in order to increase tran
 sparency\, a series of directives on administrative cooperation\, the “D
 AC” series\, were put in place. The latest\, DAC 6 requires reporting of
  potentially aggressive transactions in corporate tax matters. Hence\, the
  tax authorities of EU Member States have already a comprehensive arsenal 
 of anti-abuse rules that allow them to tackle abusive situations and an ef
 ficient cooperation framework that should allow them to be aware of any re
 sidual tax avoidance or aggressive tax planning arrangements. In this resp
 ect\, the questions arise if the objectives pursued by the proposed Direct
 ive of counteracting tax avoidance and addressing tax evasion [...]
END:VEVENT
END:VCALENDAR