EU Parliament Publishes Draft Report on Bringing Transparency, Coordination and Convergence to Corporate Tax policies in the EU

On 4 September 2015, the European Parliament published a draft report from the Committee on Economic and Monetary Affairs with recommendations to the European Commission on bringing transparency, coordination and convergence to corporate tax policies in the EU. Recommendations include:

• Implementing country-by-country reporting for all sectors by multinational companies based on the guidelines developed as part of Action 13 of the OECD/G20 BEPS project;
• Introducing the mandatory notification …