Are holding companies really out of luck this time?
![perjel](/_hun/hpimages/perjel_pici.png)
![Gergely Czoboly](/Aril2/uploads/module.tbox/1624377918ccd9867e0d0cfdd7ced0478329cc500a.jpg)
Holding companies and other so-called "letterbox companies", which mainly collect passive income without a real economic presence, have been in the crosshairs of the European Union for quite some time. The draft directive published by the European Commission on 22 December as a kind of Christmas present could complete this process.