Germany combats use of letterbox companies to avoid tax
06 Jun 2017

The German upper house of Parliament, the Bundesrat, passed a bill June 2 to stymie tax evasion through letterbox companies as part of a wider crackdown on illegal tax practices in light of last year’s Panama Papers scandal.

The bill, which will become law after being signed by the German president, will require German taxpayers to disclose their relationships to letterbox companies and similar entities that are located outside the European Union and the European Free Trade Association.

 

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