Listen to the Key Figures Podcast of June 9, 2021 by Bright Obeng with Hilde Wampers, discussing which key figures are important in an international tax organization, what major tendencies should be monitored in such a fiscal context and how Belgian corporations could handle the OESO Tax Control Framework.
(Podcast in Dutch)
The Public Country by Country reporting seems to be a fact. Will a Public EU reporting on its efficiency be guaranteed ?
While I am in favor of transparency versus tax officials with the mindset to understand, I am concerned for the effects of transparency towards non-experts.
This will in my view result in a significant increase in workload, additional reporting obligations and explanations of tax technical matters towards non-experts.
A clear tax strategy and tax control framework should help prepare.
What moreover is needed, is the EU ensuring a training for 'the public' to correctly interpret the tax data : eg Why is a dividend exempt?
I finally want to insist on my plea that I launched as Chair of the Tax Committee of the Union of Belgian Enterprises : let's strive for a framework of qualitative and simpler tax legislation that is thoroughly analyzed for its impact and of which the efficiency is tested in practice and publicly reported on.
On April 26, 2021 Hilde Wampers contributed to the class in International Tax Policy of the Master in TAX at the KULeuven on the OECD/G20 Pillar 1 and 2 Blueprints.
The Blueprints were presented by Mr. Luc Batselier, permanent representative for Belgium at the OECD. After each Pillar a discussion was held with the panel consisting of Mr. Batselier, Mr. Thomas Debeys, Vice President, Head of Group Finance with UCB, Professor Luc De Broe and Mrs Wampers.
I have summarized a few elements of the discussion hereafter.
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