Tell Europe’s lawmakers to stand on the side of transparency!

January 13th, 2016

Right now, most multinational corporations based in Europe don’t have to reveal where they operate, how much they pay in taxes, or how many employees they have in a specific country; instead, they deliver bundled reports that make it difficult to hold them accountable.

But new legislation known as the Shareholders Rights Directive could change that.

Among other measures, it could require multinational corporations to publish this information on a country-by-country basis, making it much easier to asses if corporations are paying their fair share of taxes.

War on Want, an organization dedicated to fighting poverty and injustice, has launched a petition calling on citizens to support country-by-country reporting requirements for multinational corporations. In the coming months, European lawmakers will negotiate the final draft of the Shareholders Rights Directive, and it’s imperative that public country-by-country reporting remains intact. The European Parliament has already positioned itself on the side of transparency in a vote last July, and 59% of CEOs surveyed by PricewaterhouseCoopers in 2014 said they would support public country-by-country reporting.

Sign the petition below to call on European lawmakers to stand for the type of transparency that leads to fairer taxation, less corruption, and more accountability.

Written by Christian Freymeyer

Christian is the FTC's Press & Digital Media Officer. Follow him on Twitter Creative Commons Licensing / Flickr User Thijs ter Haar

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