EU forced to back down on plan for tech giant tax transparency
Twelve members of the EU’s European Council have voted against plans to introduce tough tax laws to force multinationals to disclose their profits and tax liability in each EU member state.
The proposal was first suggested over three years ago in the wake of the Panama Papers leak and would have seen mandatory country by country reporting for multinational companies about their tax payment data by member states.
Read more at the Accountancy Daily.
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