Wednesday, November 10, 2021

EU rules force more tax transparency on multinationals

Multinational companies will have to disclose publicly how much tax they pay in each EU country, which will increase scrutiny of their tax practices. 

On 11 November MEPs will vote on a provisional agreement with the Council that would oblige companies with an  annual revenue of more than €750 million and with operations in more than one country to declare the profits they have made, the corporate income tax paid and the number of employees in each EU country for the previous financial year. 

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