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Better governance through more transparency on advance cross-border tax rulings
- Source :
- Journal of Governance and Regulation, Vol 6, Iss 1, Pp 7-11 (2017)
- Publication Year :
- 2017
- Publisher :
- Publishing house "Virtus Interpress", 2017.
-
Abstract
- In recent years, the challenge posed by tax fraud and tax evasion has increased considerably and has become a major concern within the European Union. As a consequence, in the European initiatives a special emphasis has been laid on the actions aimed at reinforcing the anti-abuse provisions in bilateral tax treaties, national legislation and EU corporate legislation. Any artificial arrangement carried out for tax avoidance purposes would be ignored and companies would be taxed instead on the basis of actual economic substance. The aim of the article is presenting the European initiative aimed at implementing the automatic mode of the exchange of information on cross-border tax rulings and advance pricing arrangements. The paper investigates if the implemented measure can help Member States to detect certain abusive tax practices taken by companies, and to take the effective actions in response. It also tries to answer the question whether the initiative can result in more transparency and – as a consequence – in much better governance, both at the states’ and the corporations’ level.
- Subjects :
- Economics and Econometrics
Tax Evasion
010504 meteorology & atmospheric sciences
Public Administration
business.industry
lcsh:Organizational behaviour, change and effectiveness. Corporate culture
Strategy and Management
Corporate governance
Accounting
010502 geochemistry & geophysics
Transparency
Automatic Exchange Of Information
01 natural sciences
Transparency (behavior)
lcsh:HD58.7-58.95
European Tax Policy
lcsh:Finance
lcsh:HG1-9999
Business
Business and International Management
Finance
0105 earth and related environmental sciences
Subjects
Details
- Language :
- English
- ISSN :
- 23066784 and 22209352
- Volume :
- 6
- Issue :
- 1
- Database :
- OpenAIRE
- Journal :
- Journal of Governance and Regulation
- Accession number :
- edsair.doi.dedup.....470d2ebf57d45b323e5b8afb0fc33fe1