European commission’s original proposals are to be enhanced in the wake of the Panama Papers,according to sourcesMultinational companies in Europe could be compelled to publicly disclose profits and tax bills from offshore havens under draft proposals being considered by EU regulators in the wake of the Panama Papers.
Before the unprecedented leak of 11.5m files threw light on the tax secrets of the global elite, the European commission was drafting proposals to force multinational companies to publish their earnings and tax bills in the 28 countries of the European Union. Continue reading...
Source: theguardian.com