Business-Friendly Real-Time Reporting in the European Union – Are We Moving in the Right Direction?

Real-time reporting systems are becoming more and more common in the European Union. Although proven successful in terms of fighting fraud, the way of implementing real-time reporting can have an enormous impact on businesses. In the Column, the author explains that the tax authorities should make sure that such a system is business-friendly, has guaranteed confidentiality and is in line with the proportionality principle.