TAX TRANSPARENCY : AN EFFECTIVE SOLUTION ?
The debate brings two tax heavyweights, to discuss tax transparency allowing each debater to address the expectations and benefits of tax transparency measures as well as the obstacles, costs or shortcomings of these requirements. Following the debate, moderated by judges, attendees’ opinion will be polled.
- First, be it resolved that: tax transparency requirements are essential to increase governmental capabilities to control compliance and to enhance their understanding of businesses, particularly multinationals.
- Second, be it resolved that: (a) the benefits of tax transparency towards tax authorities justify the increased cost of compliance and risks for taxpayers, and (b) lack of sufficient transparency from governments does not justify lack of sufficient transparency by taxpayers.
- Third, be it resolved that: tax transparency could provide useful information to the public in order to hold corporations socially responsible with regard to their tax obligations.
- Fourth, be it resolved that: Access to information by tax authorities does not hinder the protection of confidential information nor does it undercut the work of professionals (accountants or lawyers for example).