MEPS BACK EU COUNTRY-BY-COUNTRY REPORTING LAW
July 1st, 2016
THE EUROPEAN Parliament has supported a proposed European Union (EU) directive requiring multinationals to report taxes on a country-by-country basis. Under the text backed by MEPs, income tax information of multinationals with a worldwide turnover exceeding EUR750 million would be published in each EU jurisdiction where the company or a subsidiary operates. Data would be freely available online following set template. Negotiations on the legislation will now be held with EU ministers and the European Commission. ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.