In the second episode of our Talking. Sustainability. podcasts on "substance", Tax Associate Tom Margesson and Tax Knowledge Counsel Laura Hodgson discuss a recent policy proposal: the EU's draft Directive targeting the misuse of 'shell entities' (also referred to as 'ATAD III').
Tom and Laura explore which entities are within the scope of the rules; how EU entities can demonstrate a minimum level of substance; and what businesses can do now to prepare for the rules.
In our first episode, which you can listen to here, Tom and Laura discussed the meaning of "substance", why it is important for taxpayers and how you can demonstrate it in practice.
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