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UNSHELL Directive approved in @EP_Economics. The strong majority (55-1) that approved the report signalizes our commitment with a set of ambitious, proportionate and forward-looking rules. I want to thank the support from all political groups to this important step forward.
🐦🔗: https://n.respublicae.eu/lidiafopereira/status/1597924593863659520
With this report we define minimum economic substance criteria, a proportionate list of reporting obligations, a balanced set of exemptions, a clear consequence for the misuse of shell entities and a dissuasive penalty. EU is leading the way. The Parliament is showing how.
🐦🔗: https://n.respublicae.eu/lidiafopereira/status/1597925046290636800