EU MOVES TO IMPLEMENTING COUNTRY-BY-COUNTRY REPORTING RULES
October 2nd, 2021
The European Union (EU) has at last, after five years of debates, finalised a country-by-country reporting directive designed to force multi-nationals to reveal publicly what profits they make, and taxes they pay, in each country of operation. The goal is to stop multinationals hiding behind consolidated group financial reports that conceal when they might pay taxes in low tax jurisdictions where trading may be light.
A final vote at the European Parliament (EP) is expected on November 10-11, backing a text approved by the EU Council of Ministers, representing ...
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