Reforming the EU Transparency Directive using country-by-country reporting
August 23rd, 2010
Tax Research LLP and the Tax Justice Network have made a joint submission to the European Commission this morning on their consultation on the future of the Transparency Directive. The full submission is here. The summary says:Continue Reading
This submission addresses issues of opacity within the financial reporting of multinational corporations quoted on stock exchanges which we believe should be addressed by revision to the European Union’s Transparency Directive. We focus in particular on these issues: 1. The current opacity regarding ownership of such multinational corporations; 2. The opacity regarding the structure of such multinational corporations; 3. The...