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Prepare Your Company for the Next EU Tax Initiatives

Thursday, January 23, 2020

With the upcoming « Business Taxation for the 21st century » and Action Plan to Fight Tax Evasion, the EU Commission is setting the stage to deliver « an economy that works for the people ». Keep abreast of these changes with CSR Europe’s 3-Step Approach to Responsible and Transparent Tax Behaviour.

 

In recent years, several scandals and revelations, such as Lux Leaks and Panama Papers, have been putting the spotlight on corporate tax practices. As a result, a wide range of stakeholders, from governments and media to investors and civil society, called for more transparency in companies’ tax behaviour.

Taxation to Create an Economy for People

Taxation is an essential tool that companies have to contribute to the economy of the countries in which they operate. At the same time, taxation plays a pivotal role in the delivery of the UN Sustainable Development Goals (SDGs).

Therefore, it comes to no surprise its central role in the European Commission’s 2020 Work Program. In order to deliver “an economy that works for the people”, the Commission will present a communication on Business Taxation for the 21st century in the second half of 2020. The focus? The many aspects of taxation in the Single Market. This will be complemented by an Action Plan to Fight Tax Evasion that will make taxation simple and easy to pursue.

The direction set by the EC is clear: in the near future, Europe will be a place where companies are more transparent and attract more sustainable investment.

This will also be made possible by the renewal of the Sustainable Finance Strategy and the fine-tuning of measures such as the European Taxonomy and the Non-Financial Reporting Directive, in the last quarter of 2020.

 What Your Company Can Do

Since 2016, CSR Europe has been working with leaders in the field of taxation to produce the Blueprint for Responsible and Transparent Tax Behaviour.  Now, your company can take advantage of our 3 Step Approach, to get its basics right when it comes to responsible tax.

How? Based on the best practices of front-runner companies, CSR Europe will help you linking tax to your sustainability strategy.

Step 1: Rate your processes with the Tax Self-Assessment Questionnaire

Step 2: Get the internal buy-in

Step 3: Test your strategy via External Stakeholder Dialogue

 

For more information:

Lorena Sorrentino

Senior Project Manager for Tax

Responsible and Transparent Tax Behaviour Service for Companies