Transperancy trends in the international taxation: Its impact on Turkey

The developments in the field of international taxation in the recent years aims to prevent the tax losses of the states and to strengthen tax compliance of taxpayers by increasing the exchange of information between the states. These transparency trends in the international taxation area brings some liabilities both to the tax administrations and taxpayers in Turkey. In this study, the conceptual framework of tax transparency, its international and local legal basis and limits, the factors affecting transparency will be examined within the scope of its historical evolution. The transparency measures in the international taxation and the related sanction instruments in the world will be discussed based on the OECD Base Erosion and Profit Shifting (BEPS) Action Plan and EU Directives in the historical framework. Besides, developments in Turkey will be evaluated by comparing the other arrangements in the world and steps that Turkey should take to contribute transparency in international taxation will be mentioned.