Officials believe public outcry over Panama Papers has given fresh impetus to a crackdown on all tax avoidanceTax avoidance by multinational corporations will be forced into the open under proposals to be unveiled by European regulators on Tuesday following the Panama Papers revelations.
The European commission will achieve forward legislation requiring large multinationals operating in Europe to disclose profits earned and taxes paid in each of the EU’s 28 member states, as well as fiscal havens. Continue reading...
Source: theguardian.com