Press release

22 June 2017

Press release – Accountancy Europe says EC tax intermediary proposal can support better tax transparency, but can be improved

Press release – 22 June 2017, Brussels

 

Accountancy Europe says EC tax intermediary proposal can support better tax transparency, but  can be improved

 

Accountancy Europe finds the Directive on tax intermediaries the European Commission proposed yesterday a positive step to enhancing transparency and public trust.

CEO Olivier Boutellis-Taft notes: “Professional accountants provide transparency to markets participants and ultimately support trust in society. This proposed Directive contributes to such transparency, so, subject to more analysis, overall we’re comfortable with it.

I think the Commission has it right with the scope of this proposal, as it applies to whomever provides tax services. It is important to make sure this proposal works in practice.

What I do not think will work in the real world is that it makes tax advisors responsible to disclose tax schemes, while the taxpayer is better placed. It would be more logical and more efficient that the taxpayer has the obligation to disclose as he may be the only one to have all the necessary information. The tax advisor has the obligation to advise, maybe including on this disclosure, but the advisor might have a hard time reporting something the client didn’t tell him.”

CEO Olivier Boutellis-Taft concludes: “Today’s complex tax systems would not work without the expertise of professional accountants. They support taxpayers in complying with their obligations and they help tax administrations become more effective by leveraging technology and fighting fraud. All players in the tax system (tax authorities, lawmakers, tax payers, intermediaries) need to take responsibility for improving it: they should work together, not against each other.”

 

For more information   
Laura Buijs, Senior Manager Public Affairs and Outreach
laura@accountancyeurope.eu
+32 (0)2 893 33 71
www.accountancyeurope.eu 

Related content

In the mediaAccountancy Europe CEO in Finnish national TV debate on tax

22 June 2017

EventTax Day 2020

19 February 2020

UpdateTax Policy

6 December 2019

Consultation responseOECD public consultation on GloBE proposals under Pillar two

3 December 2019

UpdateTax Policy

22 November 2019

UpdateTax Policy

12 November 2019

Consultation responseOECD’s Public consultation on the Secretariat Proposal for a “Unified Approach” under Pillar One

12 November 2019

Consultation responseIESBA Exposure Draft on Proposed Revisions to the Code to Promote the Role and Mindset

4 November 2019

PublicationFocus area: Tax

28 October 2019

UpdateTax Policy

25 October 2019

UpdateTax Policy

10 October 2019

PublicationEU Directive on Whistleblower protection

7 October 2019

UpdateTax Policy

27 September 2019

UpdateTax Policy

16 September 2019

PublicationTax Dispute Resolution

13 September 2019

BlogSnapshot into the future: what will the EU do next on tax?

2 September 2019

UpdateTax Policy

30 August 2019

Team memberHarun Saki

22 July 2019

UpdateTax Policy

19 July 2019

BlogWhat has the EU achieved so far on tax?

19 July 2019

PublicationTaxing the Digital Economy

9 July 2019

Sign up for our newsletter