Media Partnership - Tax Transparency on the eve of Public CbC & CSRD Reporting

With the EU Public Country by Country Reporting and the CSRD Directive having entered into force in 2024, Tax Transparency will become a reality within the EU legal reporting framework. Debates are still active on the merits of such initiatives, with some companies gradually have become more transparent about their tax affairs, while others have kept their tax cards closer to their chest. Ultimately, in 2026, qualifying companies will have to disclose their CbC-Reporting and need to include comprehensive information in their CSRD-reporting, insofar tax is considered a material topic.For the last decade there has been a lot of focus in the EU on additional reporting and anti-abuse measures, which ultimately had lead to a high cost of tax compliance. According to the Draghi Report this has resulted in the EU having proportionally smaller companies compared to the US. In the current context, the European Business Tax Forum (EBTF) estimated it was the right time to make a status on tax transparency in Europe while continuing promoting a fact-based public debate by disclosing the tax contribution of major multinationals in Europe.Listen to this hybrid conference with the support of Euractiv to discuss the current state of Tax Transparency in Europe and how companies are preparing for the upcoming reporting requirements, and to find out how the European MNC’s are contributing to the public finances globally and how this has been evolving.Questions that will be discussed include:- What differences can be seen in the various sectors and around Europe in terms of the current level of tax transparency?- Will the upcoming reporting obligations be sufficient for informing stakeholders adequately?- What are examples of best transparency practices?- What role do European MNC’s play in increasing the future EU competitiveness?