European Council Adopts Resolutions On Tax Transparency
The European Council has adopted a series of conclusions on tax transparency, arguing that there is a need for more effective cooperation between tax authorities.
The Council said that it recognizes the progress made in pursuing the EU's agenda for fairer, more transparent, and more effective taxation. It declared that recent EU legislation to enable member states to automatically exchange information on tax rulings and on multinationals' tax-related country-by-country reports is an important step forward.
However, the Council wishes to see further efforts made. It said that the EU should consider options for enhancing administrative cooperation between competent authorities, and invited the European Commission to explore the possibility for a proposal on improving the cross-border access to information on ultimate beneficial owners.
The Council also stressed the need to prevent the large scale concealment of funds, and to increase oversight of enablers and promoters of aggressive tax planning. It noted the Commission's intention to explore options for Mandatory Disclosure Rules (inspired by Action 12 of the OECD BEPS project), and encouraged the Commission to reflect on the possibility for the future exchange of such information between EU tax administrations.
Howlader Maria & Co joins TGS Global Network
Howlader Maria & Co., Chartered Accountants is a professional firm in Bangladesh which is being formed to provi
Experience Provider joins TGS Global Network
Experience Provider M.E. Limited, is one of the top public accounting and tax advisory services firms in Jordan. They ar
Quantum Auditors & 123 Consulting joins TGS Global Network
TGS are proud to be in South Africa with our most recent member, Quantum Auditors / 1.2.3. Consulting. With offices situ
Massie Turcotte joins TGS Global Network
TGS are proud to announce a new member in Canada. Massie Turcotte gives TGS a presence that stands out from other
PGK Consultores joins TGS Global Network
TGS is delighted to announce the membership of PGK Consultores, Argentina. PGK is a dynamic firm whose partners began th