“Just as any revolution eats its children, unchecked market fundamentalism can devour the social capital essential for the long-term dynamism of capitalism itself.” […] “To counteract this tendency, individuals and their firms must have a sense of their responsibilities for the broader system.”
Each business knows who are its owners since it generates money for them. The first choice is therefore simple. Opt for transparency and go all the way. Show that you can play by the rules and succeed at the same time. Everybody will appreciate it.
Maybe your business would be harmed if you disclosed your entire corporate structure. Fine. Then stay under cover, but make sure you‘re responsible and pay your fair share.
* If the taxparent mark was obligatory for all EU corporations present in at least two Member States, the maximum limit would have to be the average of the two EU Member States with the lowest statutory corporate tax rate, namely Ireland (12,5%) and Bulgaria (10%) – average 11,25%. If the taxparent mark is to be used voluntarily by any corporation in the EU, the minimum threshold for its attribution would have to be 10% (corresponding to the lowest statutory corporate tax rate applied in an EU Member State, i.e. Bulgaria).
You can’t have your cake and eat it. Either you decide to pay your fair share or to be transparent. But you can’t hide and at the same time, pay close to nothing in taxes. If you want to stay in secret as well as to be low-taxed, then you have to disclose it.
Businesses which are both transparent and give out what they should to the society deserve a reward. Acting correctly has to translate in a tangible competitive advantage - each TAXPARENT company should be allowed to use a distinctive mark to enhance its public image.
“Behaviourally informed interventions often aim to assist rather than to prohibit certain decisions, in keeping with the idea of regulatory policy as an enabler and facilitator to achieve positive outcomes.”
The TAXPARENT solution was devised by a team of lawyers and economists collaborating with the non-profit association LEXPERANTO.
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