How are Companies Engaging with the EU Tax Agenda?
Fair taxation remains a cornerstone of Europe’s post-Covid-19 recovery.
After the adoption of the commission’s Action Plan for Fair and Simple Taxation, what’s the reaction of companies and stAkeholders?
To find out, join the European SDG Roundtable on “Responsible and Transparent Tax Behaviour” on 29th October with Iberdrola and high-level speakers from the European Commission and the Organisation for Economic Co-operation and Development .
Fair taxation is a key element of Europe’s recovery strategy and transition to a greener and digital economy. It is in this context that the European Commission adopted the Action Plan for Fair and Simple Taxation. The document sets out 25 initiatives to be implemented between now and 2024 to make taxation fairer, simpler, and more adapted to modern technologies.
The Action Plan is one of the three elements that make up the EU Tax Agenda together with:
A legislative proposal to revise the directive on administrative cooperation, which will introduce an automatic exchange of information between Member States’ tax administrations and strengthen administrative cooperation through the clarification of existing rules.
The Communication on “Tax good governance in the EU and beyond”, which will review progress made in enhancing tax good governance in the EU. The document will include a reform of the Code of Conduct for Business Taxation, to realign tax rights with value creation and to set a minimum level of effective taxation of business profits with the Action Plan for Business Taxation for the 21st century, planned for the end of 2020.
“We will spare no effort to reach agreement in the framework of OECD and G20. But let there be no doubt: should an agreement fall short of a fair tax system that provides long-term sustainable revenues; Europe will come forward with a proposal early next year” said Commission President Ursula von der Leyen in her first State of the Union speech.
How are companies engaging with the Commission’s Tax agenda? Join the European SDG Roundtable “Responsible and Transparent Tax Behaviour” on 29Th October, co-organised with CSR Sweden. Together with Iberdrola, policymakers from the European Commission and the Organisation for Economic Co-operation and Development (OECD), as well as representatives from Higher-Education Institutions and civil society, we will delve deep into the challenges of implementing fair taxation and a responsible and transparent behaviour.
CSR Europe will bring to the table the latest development of its corporate members’ Total Impact Disclosure Approach, which goes beyond the financial aspects to involve a thorough consideration of Environmental, Social, and Governance factors, and the attention to transparency and responsibility of companies tax payments and planning strategies.
Total Impact Disclosure was borne out of CSR Europe’s collaboration with PwC Netherlands to develop the Blueprint for Responsible and Transparent Tax Behaviour.
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