According to Ingrid Thijssen, president of VNO-NCW, the tax code will contribute to the transparency of tax behavior and taxes paid by companies. The signatories are listed as well as unlisted companies and family businesses. Only twenty of the 25 companies on the AEX index in Amsterdam were at the origin of these agreements. “This decision is truly unique internationally. We don’t know of any other country doing this. We are leading the way in this area and this group of companies is showing leadership and taking a wonderful extra step which I am very proud of,” says Thijsen.
The new law was drawn up in consultation with companies. The expertise of trade unions, NGOs, tax experts and academics was also used. According to Thijssen, none of the participating companies has yet fully met all the requirements. “We deliberately set high standards. This way, participating companies challenge themselves to keep improving,” she says. According to her, transparency and interpretation regarding tax payments contribute to the tax debate. The agreements will also ensure greater confidence in the tax system.
Part of the code aims to clarify the tax strategy and principles. The companies also publish all taxes paid for each country. The use of tax benefits was also disclosed. Companies that do not apply the rules are required to explain why they do not. More companies are expected to come into line with the rules.
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