Regulatory

EU investigates tax avoidance in Italian, Isle of Man yacht sectors

By Jaroslaw Adamowski 2018-11-20T10:00:00

The European Commission has announced it is implementing infringement proceedings on tax breaks applied in the yacht and aircraft sectors in Italy and the Isle of Man. The procedure is related to the investigations of last year’s so-called Paradise Papers leaks which revealed widespread value-added tax (VAT) evasion in the ...

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