Tax transparency
Key policy areas
19 Nov 2019
In recent years, tax transparency has become a key issue for the EU and more broadly for international policymakers. There are several policy initiatives which are of particular relevance from a private equity perspective.
DAC 6
In May 2018, EU member states adopted an amendment to the Directive on Administrative Cooperation (DAC6). This amendment makes it mandatory for intermediaries (or in some cases taxpayers) to report cross-border transactions and arrangements to tax authorities and requires the subsequent automatic exchange of information between EU member states involved in those transactions.
How does it affect private equity?
Additional reporting requirements are likely to increase the administrative burden, potentially both at the fund and portfolio company level, in particular where the reporting requirement falls on the taxpayer due to professional privilege. Private equity by its nature operates across borders. Consideration needs to be given to whether certain transactions – or certain advice in the case of service providers – qualifies as reportable or not. At the same time, some member states have introduced significant fines in case of non-compliance.
Tax transparency library
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Position Paper on the Omnibus on taxation
Positions & consultation responses
30 Mar 2026
Tax obstacles for cross- border remote employees
Positions & consultation responses
20 Mar 2026
Recast DAC1-9
Positions & consultation responses
10 Feb 2026
Invest Europe comments on Tax Competitiveness and Investment Growth
Positions & consultation responses
25 Apr 2025
Call for evidence on the functioning of the ATAD- Invest Europe Perspective
Positions & consultation responses
18 Sep 2024
Tax paid by multinationals – template and electronic formats for ‘Country-by-Country’ reports
Positions & consultation responses
05 Sep 2024
Invest Europe Letter to the European Commission on Directives on Administrative Cooperation 6 evaluation
Positions & consultation responses
27 Aug 2024
Response to the public consultation on an Evaluation of the Directives on Administrative Cooperation in the Field of Direct Taxation
Positions & consultation responses
30 Jul 2024
Invest Europe Business in Europe: Framework for Income Taxation (BEFIT) position paper
Positions & consultation responses
22 Jan 2024
Look Ahead - EU regulatory & Tax priorities (September 2022)
Member guides
01 Sep 2022
Invest Europe response to DEBRA consultation
Positions & consultation responses
29 Jul 2022
Invest Europe Response to EC Consultation on new EU system on withholding tax
Positions & consultation responses
28 Jun 2022
Feedback to European Commission Proposal on implementation of OECD Pillar 2
Positions & consultation responses
06 Apr 2022
Feedback to European Commission Proposal to prevent the misuse of shell entities for tax purposes
Positions & consultation responses
06 Apr 2022
Joint industry letter on EC Initiative to fight the use of shell entities
Positions & consultation responses
29 Oct 2021
