On December 22, the EU Commission presented the proposal for a directive to prevent the misuse of shell companies for tax purposes (Go to Link). The proposal is part of a package of measures that also includes the proposal for a directive on the minimum taxation of multinational companies which transposes the agreement internationally reached on “Pillar 2”.
Unlike the Italian legislation on shell companies, the proposed directive does not entail the application of a minimum level of taxation but denies the benefits deriving from double tax treaties and EU directives.
Should it be adopted, the directive would have to be transposed by the Member States by 30 June 2023 and enter into force on 1 January 2024. However,