Mandatory Disclosure Rules

Mandatory Disclosure Rules: five key questions for insurers

The Mandatory Disclosure Rules (MDR) arose from the ambitious anti-tax avoidance project on Base Erosion and Profit Shifting (BEPS) that the OECD launched in 2015. The MDR Directive, also known as DAC 6, is the latest EU initiative regarding the automatic exchange of tax information. Aimed at identifying harmful tax practices and further increasing tax transp […]

Mandatory Disclosure Rules: five key questions for banks

The Mandatory Disclosure Rules (MDR) Directive is one of the EU’s latest initiatives aimed at increasing tax transparency and exchange of information in tax matters. The MDR will in practice apply to many intermediaries (including banks) and their taxpayers involved in cross-border activities. Below are the five essential questions about the MDR that banks sho […]
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Taxpayers and intermediaries: ready for the new tax reporting obligations?

In its fight for fair taxation and increased tax transparency, the EU Commission recently introduced new tax reporting obligations (also known as “mandatory disclosure rules”) which could affect any EU intermediary or taxpayer involved in cross-border arrangements or transactions. The most pressing feature of these changes is the one that makes the rules […]
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