Above all, the ICC guidance stipulates that an efficient VAT regime ensures certainty, neutrality, simplicity, and cost effectiveness for both business and tax administrations.
ICC has published a policy paper on co-operative compliance and issued recommendations on Accredited Tax Payers (ATPs) to improve trust and create confidence in tax systems.
Tax cooperation among participating members of the Belt & Road Initiative is a welcome development to avoid inconsistencies among national governments.
As European finance ministers convened on 4 December to decide on the proposed digital services tax (DST), ICC strongly recommended that any measures being considered be aligned with global efforts to ensure consistency and coherence and to avoid double and over-taxation.
Digital transformations and technologies should be seen as an aid and not a hindrance to fair and efficient tax systems, argued participants at an international tax conference in Munich, Germany
Recent months have seen governments around the world lay out proposals for taxing the digital economy.
Translating the vision of the SDGs into action remains a major challenge. Tax is intrinsically linked to development, providing the revenue that states need to mobilise resources and reinforce national infrastructure.
ICC is pleased to announce the appointment of Susana Bokobo as the new Vice-Chair of the ICC Commission on Taxation. Ms Bokobo will take over from Paul Morton who transitioned to the position of Technical Advisor earlier this year. Paris, 4 September 2017 Ms Bokobo currently holds the position of Tax Exploration and Production [...]
A major international tax conference which took place in Munich last week, was a prime opportunity to set the business agenda and discuss key policy issues, with a view to facilitating cross-border trade and investment.Munich, Germany, 4 July 2017Hosted by the International Chamber of Commerce (ICC), in cooperation with the Business at OECD (BIAC) and [...]
While the OECD Tax agreement makes clear progress in many areas, there is still some work to be done to achieve practical and workable dispute resolution methods.
In response to a growing lack of trust between multinational companies and the general public over tax matters, ICC has released a new set guidelines on tax principles as business seeks to publicly commit itself to international standards of transparency and cooperation. Brussels, 31 March 2017 Business should comply fully with all applicable tax [...]
Paris, 16 December 2016 The International Chamber of Commerce (ICC) welcomes a ruling announced by the French Constitutional Court last Thursday, that the public disclosure of country-by-country reporting (CbCR) is a disproportionate violation of entrepreneurial freedom. ICC has consistently responded to calls for public disclosure of tax data, holding that public disclosure of country-by-country [...]