This is an Opinion Statement prepared by the Fiscal Committee – Direct Tax Sub-Committee – of the CFE (Confédération Fiscale Européenne). CFE is the umbrella organisation representing the tax profession in Europe. Our membership includes 33 professional organisations from 24 European countries (21 EU Member States) with 180,000 individual members. Our functions are to safeguard the professional interests of tax advisers, to assure the quality of tax services provided by tax advisers, to exchange information about national tax laws and professional law and to contribute to the coordination of tax law in Europe. CFE is registered in the EU Transparency Register (ID 3543183647-05).