European commission to crack down on offshore tax avoidance

Draft law would force intermediaries to reveal cross-border financial schemes, though hard Brexit may exempt UKBanks, accountants and law firms that facilitate offshore tax schemes face a Europe-wide crackdown, according to a leak of draft legislation.Brussels will publish proposals this Wednesday to force financial intermediaries to automatically disclose any new cross-border tax schemes offered to clients. Those designing and promoting aggressive avoidance structures will have five working day