Cooperative Compliance: A Multi-stakeholder and Sustainable Approach to Taxation (EUCOTAX Series on European Taxation)

National taxation authorities all over the world are quickly enhancing worldwide cooperation, given the unprecedented triple impression of persistent revelations of large-scale company tax avoidance, the ever-increasing intricacies of digital cross-border transactions, and the unprecedented income deficits engendered by the COVID-19 pandemic. There can be a rising recognition that enhancing tax compliance wants to be reconciled with a official want on the a part of companies to have some certainty about their taxes. Cooperative compliance is a method to obtain that. This first evaluation of the small print of cooperative compliance programmes at present in operation describes tax management frameworks, suggests sensible examples to help practitioners in tax administrations and the non-public sector, and supplies a number of views on the design and legitimacy of such programmes.

Drawing on detailed info contributed by tax practitioners and teachers from a variety of jurisdictions worldwide, the e book identifies and explains sure essential components of profitable programmes:

• the standards for entry to cooperative compliance (e.g., is the programme voluntary or necessary? Is there a monetary threshold? Will the standards be publicly obtainable?);
• mannequin laws that may facilitate the operation of such programmes (statutory provisions, administrative guidelines and procedures, and so forth.);
• the foundations for a global settlement on an audit assurance commonplace for tax management frameworks (together with the position of the Organisation for Economic Co-operation and Development (OECD), the European Union (EU), and different worldwide organizations);
• how to develop a technique to measure the fee and advantages of cooperative compliance programmes;
• detailed case research of current compliance programmes in Australia, Austria, China, Germany, Italy, Poland, and Russia; and
• how to talk a cooperative compliance programme to receive belief from society.

The evaluation attracts on two years of labor led by WU Global Tax Policy Center (GTPC) at Vienna University of Economics and Business in cooperation with the International Chamber of Commerce (ICC) and the Commonwealth Association of Tax Administrators (CATA). The venture introduced collectively over 2 hundred folks from 25 international locations, together with public officers, companies, and teachers.

Tax certainty and predictability are key elements for offering a tax surroundings that’s conducive to cross-border commerce and funding, and, in the long run, it’s within the curiosity of each governments and companies to reduce tax uncertainty as a lot as attainable. This really useful e book guarantees to pave the way in which to an internationally efficient tax framework that can be welcomed by taxation authorities and practitioners worldwide.