MEPS CLEAR COUNTRY-BY-COUNTRY TAX TRANSPARENCY RULES
July 1st, 2017
The European Parliament has voted for public country-by-country financial reporting in a new European Union (EU) law designed to boost corporate tax transparency. It would, ensure that taxes are paid where profits are made and stop multinationals avoiding tax through sweetener deals. Talks will now start with the EU Council of Ministers on the text of the final regulation – both bodies must agree for the legislation to be formally approved. Under the text backed by the parliament on July 4, any multinational active in Europe with a EUR750 million worldwide ...
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