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Originally Posted by AlexShark
From what I knew the "trick" in UK could have been done just with Limited Liability Partnerships where the partners are exposed to direct taxation and ,not being resident, they should pay taxes in their own countries, while for limited private companies being UK entities, the company income tax took place locally while taxation on dividends would be paid in the country of residence of the foreign shareholders.
Ah well, this explains there is always something new to learn 
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I've never actually got sight of the details yet.. but may be relevent if you are actually resident in the EU. Apparently the UK IR won an agreement the other day with .. think it was OECD, where eg... if you were resident in the UK and were the beneficial owner or had some "arrangement" with offshore operations, that they were entitled to approach eg a bank in a jurisdiction where where that jurisdiction had already agreed to OECG terms and open the account. Penalties of 100% were being applied to non-disclosure within the UK. They were basically attacking anyone who still remained in their home country and "forgot" about their foreign earnings.
Bottom line is... you can be assured that once the UK IR won this concession, the rest of the EU will follow along the same lines.
Just another reason to be legitimately offshore and not fall under these laws
