Taxing times: The implication of DAC 6 on financial services
The EU Directive DAC 6 means that firms operating in the EU will need to notify tax authorities of certain cross-border arrangements. Jason Collins and Catherine Robins look at the implications this will have on firms.
While nominally targeted at potentially aggressive tax avoidance schemes, DAC 6 could even catch arrangements that do not result in a tax advantage or where the advantage is entirely consistent with the tax policy of the country concerned. A far cry from the aggressive tax planning apparently in scope.
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