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UK furthers transparency of multinational corporations
September 6th, 2016
PRESS RELEASE Amended UK Finance bill gives government power to publish details of tax payments by multinational corporations On Monday, the UK government agreed to an amendment to the Finance Bill that would enable the UK tax authority, HMRC, to publish country by country financial reports of UK-headquartered multinational corporations. Country by country reports show
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OECD country-by-country reporting: Only for the strong?
September 17th, 2015
The governments of G8 and G20 countries gave the OECD a global mandate to deliver country-by-country reporting, as a major tool to limit multinational corporate tax abuse, and with particular emphasis on the benefits for developing countries. New evidence shows that – even before its implementation – the OECD standard is likely to worsen existing inequalities in
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European Parliament sets the stage for Europe to embrace more corporate fiscal transparency
July 8th, 2015
PRESS RELEASE Amid public outcry on tax dodging, European Parliament responds with measured proposal to level the playing field BRUSSELS — Today, the European Parliament voted in favour of a measure to increase shareholders’ rights that includes a requirement for multinational corporations (MNCs) to publicly report financial information on a country-by-country basis. “Today’s vote in
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