EU Tax Evasion Regulation

[Bodoni]

I mostly lurk and am very grateful to the regular knowledgeable posters - so much doesn’t get reported on MSM. Can I ask if anyone knows what’s happened about the EU Tax Evasion Regs that were supposed to be a reason for wealthy fraudsters wanting Brexit? Are these fraudsters now subject to EU regulation (I hope)?

I would love to know as well.

I thought any eu law during any transition period was always going to be incorporated into UK law... of course afterward they can drop laws they don't want but v politically risky.

Staying in would have been better as the UK could have negotiated another opt out!

Yes feeling some (somewhat premature as we've not avoided no deal yet) Schadenfreude here. They've been desperate to get out for largely this reason (and wanting to do away with social justice legislation so they can fully subjugate the plebs) and because they voted down May's deal, they are now (probably, hopefully) stuffed.

It’s already in force isn’t it? Assuming you are referring to the anti avoidance by way of tax havens one? The main issue in tax law that is fuelling brexit is transaction charges actually. The EU has made proposals (which I think ? are still underway) to introduce a transaction tax (so you get taxed a percentage when you do a currency exchange for example) which would have had a severe impact on the city. Many people wanted to stay in and fight but many saw this as one of a long string of attempts to weaken the city (and therefore the whole economy) and just wanted out.

*obvioudly Britain already has some transactional taxes like stamp duty but generally they’re rejected for being economically disproportionately harmful

Yes, I meant tax havens and the high-profile wealthy Brexiteers. I suppose we won’t hear much about it. GPD, when you say "weaken the city ... and wanted out", you mean City people? The likes of me wouldn't want to leave the EU because of a tax on a (small) currency exchange.

As far I know, the EU has introduced an anti-tax avoidance directive. Although I am not sure when it comes into force or if it already has. The date i know is 2019. But the timing of the referendum and even planning of it is very suspicious. If you traced the dates back and include 2 years for article 50, it is clear that the UK should be out by 2019, which is when the tax avoidance directive comes into force.

I have heard that this directive has already been passed into UK law, but of course if we leave/crash out the government can repeal all EU law and change it how they want without going through parliament.

I am not sure how much I have got right or wrong. I would love to read a well researched piece of journalism about this. But it has not been discussed at all.

It's weird how little this is reported. It's really hard to find info about.

I think it's in force and people are having to report their offshore activities more.

Many newspapers use offshore vehicles to avoid tax in their own ownership structures, couldn't be any link to the lack of reporting on this, surely?