Financial Transparency Coalition

The EU could adopt a Common Consolidated Corporate Tax Base by early next year. Regrettably, participation will be optional for both member states and companies and no minimum tax rate will be applied, leaving the door open to increased tax competition.

BRUSSELS - Today’s EU proposals are a welcome development in the fight against corruption in resource rich countries, but there is the potential to do much more.

We have had good press coverage for yesterday’s UK-Swiss tax deal analysis, which reveals how the UK government’s claims that it will net 4-7 billion pounds in tax revenues are fatally flawed. See, for example: Swiss-U.K. Tax Agreement May Be ‘Revenue-Negative,’ Group Says – Bloomberg Swiss tax deal could end up costing UK – Guardian

LONDON - The European Commission took a vital step on Tuesday towards helping millions of people in poor countries to benefit from their natural resources by proposing legislation requiring EU-based oil, gas, mining and timber companies to publicly disclose their payments to governments for each project that they invest in around the world.