On 26 October 2015, the European Parliament’s Special Committee on Tax Rulings and Other Measures Similar in Nature or Effect (TAXE Committee) approved the final draft of its report including recommended measures to make corporate taxes in the EU fairer and more transparent.
Some of the recommended measures include:
- Country-by-country (CbC) reporting requirements in the EU for multinational companies on financial data, including profits made, taxes paid and subsidies received (separate from…