We provide the most up-to-date information on the Third EU’s Anti-Tax Avoidance Directive, known as “ATAD III”, which sets out rules to prevent the misuse of shell companies for tax purposes. INREV works to ensure that the European Commission’s proposals do not unfairly impact non-listed real estate investment.


European Commission Minimum Tax and Fighting the use of shell entities Briefing  

Published on 27 Jan 2022

Richard van der Linden, Tax Partner Real Estate at PwC in Amsterdam, presented on the European Commission’s legislative proposal adopting the OECD agreement on minimum tax along with measures for fighting the use of shell entities for tax avoidance explained in the August briefing. Referred to as ‘ATAD 3’, the proposal if adopted could impact tax-related aspects of fund structuring and operation.

Industry views on use of shell entities for tax purposes sent to EC  

Published on 09 Nov 2021

INREV and 11 other industry associations representing real estate, private equity and venture capital sent a joint letter to the Commission on 29 October regarding the recent shell entities consultation. We argue that recently adopted measures targeting tax avoidance should be allowed to work before new measures are introduced. Click here to learn more.