In the shadow of the pandemic, tax disclosure and tax transparency are being eyed as a means to promote economic recovery. Digital and Crypto Tax TransparencyIn November EU member states agreed to bring digital platforms under the EU’s tax transparency rules (Directive 2011/16/EU on administrative cooperation in taxation). Beneficial Ownership TransparencyAt the end of 2020 all U.K.-inhabited overseas territories agreed to implement public beneficial ownership registers. At least one other presidential candidate — former EP member Ana Gomes — is running on a tax transparency platform. On the other hand, the OECD is eyeing tax transparency as one way in which countries can shore up their economies post-COVID-19.

Source: Forbes January 26, 2021 17:26 UTC