How You Can Enhance Your Company’s Tax Transparency

The recent developments and stakeholders’ expectations urge companies to publicly disclose their tax data.
CSR Europe’s Tax Service and Self-Assessment Tools can help you to evaluate your company’s tax approach and become a frontrunner in transparency and responsible tax behaviour.

Corporate taxes have always been at the centre of discussions between businesses and national governments due to their important contribution to the delivery of essential public services, such as education, healthcare, and infrastructures, in local economies.

The aggressive tax planning and profit shifting strategies of large multinationals have recently come under public scrutiny in the debate over the proposal for the Country-by-Country Reporting (CBCR) directive – a tax transparency tool which aims at requiring sufficient data to be able to distinguish the part of the activity of a business with multinational reach (multinational enterprises) that is related to a specific country. With the CBCR and its attempt to tackle corporate tax avoidance in Europe and trigger a responsible behaviour from companies, tax transparency is becoming an increasingly material topic for companies.

While the European Commission, Parliament, and Council are trying to find an agreement on the proposal, CSR Europe is ready to support you in assessing your company’s readiness for compliance and building a competitive advantage in the realm of responsible and transparent tax behaviour. As a starting point, you can request our Self-Assessment Tool to get an overview of your company’s tax reporting practices and assess your level of transparency. You will receive a score based on your company’s performance and be provided with the best reporting practices available from leading organisations to help you improve. CSR Europe Corporate Members can benefit for free, as part of their membership.

Next, with our tax service we can help you assessing the level of transparency and responsibility of your tax behaviour and identify gaps and areas of improvements in 6 thematic areas:

TAX PLANNING STRATEGIES
To align taxation with value creation.
TAX FUNCTION MANAGEMENT AND GOVERNANCE
To develop the right processes to manage tax.
PUBLIC TRANSPARENCY AND REPORTING
To disclose relevant tax related information to the public.
TAX INCENTIVES
To assess the impact on public finances to the public.
INTERACTION WITH TAX AUTHORITIES
To manage relationships with tax authorities & digital transformation of tax administrations.
BUILDING A NARRATIVE TO ACCOMPANY A TAX STRATEGY
How to engage stakeholders with a company’s approach to tax.