Written by Cécile Remeur (1st edition),
Tax transparency has gained particular importance as a tool in the fight against tax avoidance and tax evasion, particularly in the field of corporate income tax and aggressive tax planning. Cooperation between tax authorities aims at allowing them to obtain information covering the global business of multinational enterprises (MNEs), and progress has already been made in this area.
A further step in tax transparency would be to broaden it by providing publicly available information relating to tax paid at the place where profits are actually made. Public country-by-country reporting (CBCR) is the publication of a defined set of facts and figures by large MNEs, thereby providing the public with a global picture of the taxes MNEs pay on their corporate income.
|Proposal for a directive of the European Parliament and of the Council amending Directive 2013/34/EU as regards disclosure of income tax information by certain undertakings and branches|
|Legal affairs (JURI)
Evelyn Regner (S&D, Austria)
Angelika Niebler (EPP, Germany
Sajjad Karim (ECR, UK)
Cecilia Wikström (ALDE, Sweden)
Jiří Maštálka (GUE/NGL, Czech Republic)
Pascal Durand (Greens/EFA, France)
Laura Ferrara (EFDD, Italy)
|COM(2016) 198 12.4.2016
Ordinary legislative procedure (COD) (Parliament and Council on equal footing – formerly ‘co-decision’)
|Next steps expected:||Consideration in JURI Committee|