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European Commission publishes new rules to increase corporate tax transparency

Thursday, April 14, 2016

On April 12, 2016, the European Commission launched a new legislative proposal on the public disclosure of country-by-country reporting by multinational companies.

As a result, big multinational firms – with an annual turnover of more than €750 million – operating in the EU will be forced to publish what they earn and how much tax they pay in each of the bloc’s 28 member states.

This will enable citizens to scrutinise companies’ tax behaviour, encouraging them to pay their fair share of taxes where their profits are made.

This initiative is part of the current EU fight against tax avoidance and aggressive tax planning, which was indicated as a political priority by the Juncker Commission.

More information.