tax withholding requirement

Most respondents considered that the EU institutions should lead by example in the area of transparency and in the framing of interactions of interest representatives with decision-makers; The need for the proposal to deliver a 'mandatory' system was stressed by many, although views diverged on how best to achieve this goal; The Register's broad definition of lobbying activities was deemed appropriate by most stakeholders; There was wide agreement on the necessity to improve the quality of data and the scope for simplification of some requirements on financial data; The Code of Conduct is broadly seen as appropriate, but stakeholders ...[+++] highlighted the need to improve monitoring and enforcement and to boost the capacity of the Register Secretariat; Specific issues arose in relation to local and regional authorities and their associations who sought to be excluded from the system; The website was positively perceived and the registration/updating process was considered user-friendly.

These include measures such as increased monitoring and audits, withholding taxes, special documentation requirements and anti-abuse provisions.

47. Welcomes the international discussions on the updating of the OECD guidelines on transfer pricing, i.e. the shifting of profits to tax havens to avoid paying taxes in both developed and developing countries; urges the Commission and the Member States to take immediate action, and review the current rules, on transfer pricing, in particular in relation to the shift of risks and intangibles, the artificial splitting of ownership of assets between legal entities in a group, and transactions between these entities that would rarely take place between independents; calls on the Commission to develop the system of advance pricing agreement applicable to transfer pricing, whereby a new requirement would be ...[+++]added to the existing obligations under the EU Transfer Pricing Documentation guidelines; suggests that the documentation, as well as the tax declaration requirements, should be broader for transactions with blacklisted jurisdictions;

6. Notes the ECA's audit results, according to which two recruitment procedures did not meet the requirements of transparency and non-discrimination, as candidates not fulfilling the selection criteria were considered for further evaluation and criteria for inviting the best candidates for interview were not documented;