What Is ATAD 3? The Unshell Directive and What Replaced It

Adverit AmsterdamAmsterdam, Netherlands

This article discusses the EU's proposed ATAD 3 'Unshell' Directive aimed at curbing the misuse of shell entities for tax purposes, and what has replaced or superseded the original proposal. It explains the substance indicators the directive sought to introduce and their implications for holding structures. The piece is relevant to groups using EU holding entities that could face substance scrutiny.

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