The European Union wants to quickly learn the lessons of OpenLux

Un months have passed since the screening of the Luxembourg register of beneficial owners of companies (Openlux) by The evening and sixteen other partners. And the EU is considering how to take the ball on the lessons learned from the revelations.

“This survey revealed that a large number of companies do not meet their reporting obligations” of their actual beneficiaries, said Wednesday evening the European Commissioner for Taxation, Paolo Gentiloni, before the European Parliament. In the lessons he draws, particular emphasis is given to companies regarded as empty shells, which have little economic substance and are established in countries with favorable taxation to avoid obligations elsewhere.

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