Corporate tax professionals have navigated relentless regulatory change in recent years as authorities worldwide pushed for greater digitalization, disclosure, and transparency in tax reporting. Now comes the EU’s Directive on Administrative Cooperation 2018/822 or DAC6. It is the latest example of countries’ collaborating to mandate digital disclosure of corporate financial information so tax authorities can assess risk, close loopholes, and determine whether to conduct audits.
How to Tackle DAC6, a Monumental New Challenge for Corporate Taxpayers
