The European Economic and Financial Affairs Council on 13 March 2018 reached agreement on a draft directive proposed by the European Commission in June 2017 ({News-2017-06-22/P/2-previous coverage}) that will require intermediaries such as tax advisors, accountants and lawyers that design and/or promote tax planning schemes to report schemes that are considered potentially aggressive. The information disclosed will then be automatically exchanged between EU Member States through a centralized…