tag:blogger.com,1999:blog-8789001566560988691.comments2019-09-27T10:21:07.303+01:00Tax is accrual businessTim Lawhttp://www.blogger.com/profile/00793210963894288313noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-8789001566560988691.post-49431481008484414262016-07-13T08:48:12.317+01:002016-07-13T08:48:12.317+01:00Interesting, Tim, thanks for the notes. Sounds lik...Interesting, Tim, thanks for the notes. Sounds like a good event. Mark Boltonhttps://www.blogger.com/profile/06010165706348874977noreply@blogger.comtag:blogger.com,1999:blog-8789001566560988691.post-22304675164785619002016-06-27T14:52:32.994+01:002016-06-27T14:52:32.994+01:00Thanks for this write up. Interesting predictions ...Thanks for this write up. Interesting predictions about the future of international tax. Julie Martinhttp://mnetax.comnoreply@blogger.comtag:blogger.com,1999:blog-8789001566560988691.post-2354044257760419952015-07-23T11:18:03.270+01:002015-07-23T11:18:03.270+01:00Hi Tim,
Thanks for this amusing piece. I am prob...Hi Tim, <br /><br />Thanks for this amusing piece. I am probably one of the last people on earth who hasn't seen the Star Wars films in full, but I can see your point.<br /><br />To make this word play work however, a little confusion crept in, in my view. This relates to the matter of 'public support.' Public support is a phrase used normally to indicate a democratic majority, obtained either by means of a referendum (for example in 2005 there was public support to block the EU constitution in The Netherlands and France) or by parliamentary majority (for example: the Dutch parliament voted in majority for a resolution calling for publicly disclosed country-by-country reports).<br /><br />In your: "I might express my "public support for country-by-country reporting"," I take that to mean that you as a person endorse the idea of reporting on a country-level basis by transnational enterprises. When you later refer to the bit between inverted comma's to be the OECD position, it may seem to some readers that that option has 'public support', i.e. a democratic mandate.<br /><br />I would attribute that value more to what you call the Yodificated version, namely:<br /><br />In the sense that there is public "support for public country-by-country reporting." So a double-public there. This is indeed based on the large majority in the EP (the last instance where this issue came up - in the shareholders' rights directive - the ratio was roughly 4 to 1), and on several national votes (including the above-mentioned). <br /><br />You are right if you say that some governments prefer the OECD's 'confidential' system, and one might want to ask why. One way of looking at this is that public country by country reporting would indeed increase the possibilities for the public to scrutinize the fiscal behaviour of multinationals, but that it would at the same time enable them to assess the effectiveness/effects of a governments' tax policy. Perhaps it's this increased accountability that governments face that is what makes some governments prefer a 'confidential' system.<br /><br />What would Yoda's take be on this?<br />Anonymousnoreply@blogger.com