After four years of debate, France has finally adopted a law on multinational companies’ duty of care. This paves the way for similar laws in Belgium and Spain, although the project is stalled at European level. EURACTIV France reports.
The Panama Papers scandal has put political pressure on the European Commission to toughen its tax laws, and in particular for multinational companies, EU Economic and Financial Affairs Commissioner Pierre Moscovici has said.
The French parliament has finally rejected country by country reporting for the activities of the biggest French companies, refusing to get tough on tax optimisation without the involvement of their European partners. EURACTIV France reports.
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.
SPECIAL REPORT / EU leaders responding to the public outcry over tax evasion by multinational companies have triggered a quest for pan-European solutions to tax fraud, but the debate has also enabled the European Commission to return to a controversial proposal for a Common Consolidated Corporate Tax Base (CCCTB).
Countries around the globe are struggling to rebuild their economies after the financial crisis. But the world’s largest publicly traded companies do not demonstrate enough transparency measures to help prevent another economic meltdown, says a new Transparency International report.