About: country by country reporting
Multinationals should say what they pay
From an investor’s perspective, planned transparency is far preferable to surprise leaks or investigations into corporate tax avoidance strategies which lead to reputational risk and government crackdown, writes Morris Pearl.
Oxfam exposes tax haven habits of big European banks
The 20 biggest banks in the eurozone booked over a quarter of their 2015 profits in tax havens, with Luxembourg and Ireland the favourite destinations, a report by Oxfam said on Monday (27 March). EURACTIV France reports.
Juncker’s missing scenario: Empower the member states
President Jean-Claude Juncker presented five scenarios for the future of Europe. But there is a sixth option, which is better than those sketched out in the White Paper, reveals Karl Aiginger.
Moscovici: Trump’s US could be tax haven blacklisted
EXCLUSIVE / The EU’s tax haven blacklist is taking shape, as the European Commission uses the momentum generated by the LuxLeaks and Panama Papers scandals. Tax Commissioner Pierre Moscovici did not rule out including the United States on the list, in interview with EURACTIV.com.
Country-by-country reporting to affect only 10% of multinationals
The European Parliament has adopted a draft directive that would see 90% of multinational companies escape compulsory country-by-country reporting requirements. EURACTIV France reports.
NGOs reveal extensive use of tax havens by French banks
The public country-by-country reporting imposed by Paris on France’s big banks has revealed that they channel more than a third of their profits through countries with advantageous tax laws, a group of NGOs have found. EURACTIV France reports.
EU tax transparency directive ‘insufficient first step’, activists say
An updated directive on the automatic exchange of information between national tax administrations received the green light by the EU’s 28 finance ministers on Tuesday (8 March).
Moscovici: Commission to discuss feasibility of country by country tax reporting
Speaking on Thursday (28 January), Tax Commissioner Pierre Moscovici said he was in favour of public country by country reporting as long as the Commission's risk assement concludes that it won't damage competitiveness or hinder investment.
Juncker backs forcing multinational companies to publish their tax bills
EXCLUSIVE / European Commission President Jean-Claude Juncker supports forcing multinational companies like Google, Amazon, and Apple to publish the profits they make and the taxes they pay in each EU country they operate in.
Luxleaks and tax avoidance at EU level: Talk less, act more
After the Luxleaks scandal, there is still no proper response to the industrial scale tax avoidance the scandal exposed a year ago today, writes Aurore Chardonnet. But a simple vote by finance ministers could change that.
MEPs’ vote could expose multinationals’ tax dodging
A vote in the European Parliament tomorrow could led to European multinational corporations reporting their taxes paid, and profits made, on a country by country basis. Without such a rule, multinationals can shift their profits from country to country with the sole intention of paying less tax, a practice exposed by the LuxLeaks investigation, write Alvin Mosioma and Markus Meinzer.
Google, Amazon and Apple less transparent than Gazprom, says report
Google, Amazon, and Apple are among the least transparent multinationals in the world, worse than Russian state-owned energy companies Gazprom, and Rosneft, according to a report published today (5 November) by anti-corruption campaigners.
Publishing banks’ taxes and turnover will help the economy, says PwC
EXCLUSIVE: Forcing banks in the EU to publish their turnover and taxes will help the economy, according to research for the European Commission that will strengthen the case for public disclosure of the information from next year.
Barnier rejects calls to sack PwC from bank transparency study
The European Commission will not sack PwC from a study on making bank data public, despite allegations from campaigners and politicians the "Big Four" auditor has conflicts of interest.