European Parliament Gives Final Approval to Public CbC Reporting

The European Parliament has issued a release announcing that final approval has been given for public CbC reporting.

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Corporate tax transparency: MEPs okay new country-by-country reporting rules

• Multinationals will have to publically disclose the amount of tax they pay in each EU country
• Some flexibility but detailed rules to prevent abuse by multinationals

MEPs give their final green light to new rules obliging big multinationals to publicly declare the taxes they pay in each EU c…