April 1, 2021

Anna Murray 

Riana Zanni from EY Greece stated her view of tax at International Tax Review (ITR) on March 29, 2021. She indicated the effectiveness of the mandatory disclosure regime (MDR) on tax collecting among countries. 

In these years, globalization changes companies’ business model from country base to global base, as well as their aggressive tax planning. The OECD also promotes international rules (MDR) about a tripartite taxation environment including intermediaries. Intermediate roughly means “tax advisors,” such as law firms and any individuals involve in the tax advising process. 

MDR requests the intermediaries to discover the potential cross-border tax arrangement. This act enables both large and small firms to create a sense of trust between them and tax authority. With the rather fair tax system, taxpayers may tend to decrease the possibilities of aggressive tax planning. Therefore, taxation can reach a better condition with justice.

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