The competitiveness of European businesses is at risk if the EU introduces unilateral public country-by-country reporting, writes Krister Andersson in EURACTIV.
”Governments should not discredit their own tax authorities and should adhere to signed agreements”, Andersson writes. ”Public country-by-country reporting would not solve the problem of misallocation of corporate tax revenues, whereas proper work by tax authorities and exchanges of information between them will. A unilateral measure risks the competitiveness of European businesses and could trigger a negative response from trading partners.”
Please read the op-ed in EURACTIV.
Krister Andersson is vice-president of the Employers’ Group in the European Economic and Social Committee (EESC), Chair BUSINESSEUROPE Tax Policy Group, and Vice Chair Business at OECD Committee on Taxation and Fiscal Policy. He is former head of the Confederation’s Tax Policy Department.