European Commission consults on corporate tax transparency
18 Jun, 2015
The European Commission has launched a public consultation on corporate tax transparency in the EU. This consultation aims to find out whether requiring companies to disclose more information about the taxes they pay could help tackle tax avoidance and aggressive tax practices in the EU.
Transparency requirements currently exist for banks under the Capital Requirement Directive IV and for large extractive and logging industries under the new Accounting Directive, in the form of country-by-country reporting. The consultation aims to assess whether extending such public disclosure obligations to multinationals in other sectors could help address tax avoidance.
Please click to access the consultation page with additional information on the European Commission's website.
