After a vote on Monday (12 June) by MEPs, European multinationals will be obliged publish details of their activities in every country where they operate. But a number of exemptions could weaken the tax transparency system. EURACTIV France reports.
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.
Donald Trump's plans to slash corporate taxes in the United States have sparked concerns of a new global fiscal race to the bottom, possibly involving a wave of negative social consequences, experts say.
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.
Luxembourg has lodged an appeal against the verdicts handed down to three LuxLeaks whistleblowers who exposed the small duchy's huge tax breaks for giant multinationals, the justice department said Tuesday (2 August).
The extent to which member states make pertinent information about companies available to the public varies widely. This has to change if anything is to be learned from the Panama Papers scandal, writes Daniel Castro.