On 6 April 2022, PensionsEurope commented on the European Commission Proposal for a Council Directive laying down rules to prevent the misuse of shell entities for tax purposes and amending Directive 2011/16/EU. In our feedback, we supported the aim of preventing the use of legal entities and arrangements without minimal substance for tax avoidance or tax evasion purposes, and suggested certain adjustments to the European Commission’s proposal that we consider necessary to ensure that pension funds and the investment structures they use do not incorrectly fall within the scope and be impacted unintendedly.
