An improvement in EU member states’ cooperation against Aggressive Tax Planning and Harmful Tax Regimes is at the top of the EU Commission’s tax agenda for 2023, says Deloitte’s Ronan Connaughton. He chronicles the European Union’s actions to increase transparency around corporate tax matters and provides updates on the progress to date of these efforts, which focus on implementing the OECD’s BEPS rules, including EU public country-by-country (CbC) reporting, the Unshell Directive and Non-Co-Operative Jurisdictions. Corporates will need to consider the impact of the changes, especially in terms of the capability of their internal systems and processes to manage the compliance, he says.
