European Commission bows to "intense public demand", proposes public reporting of CbCR information

Apr 15,2016

European Commission proposes public transparency rules for MNCs to tackle corporate tax avoidance in Europe estimated to cost European Union (EU) countries EUR 50-70 billion a year in lost tax revenues; Proposes that MNCs operating in EU with global revenues exceeding EUR 750 million a year to publish key tax related information for all their EU entities on a country-by-country (CbC) basis; Information to be published includes taxes paid, ...

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