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Multinationals must disclose their data in tax havens

Multinationals must disclose their data in tax havens
13 Apr 2016

First published in El Pais, 13 April 2016

The European Commission (EC) launched its proposal after the publication of 'Panama Papers.'

The EC wants multinationals tax data published annually in all EU countries in which they operate.

"The plan of the Commission is already a concern for multinationals operating in the EU," said Xaver Ditz, Taxand Germany.

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Taxand's Take

The EC proposed a new set of measures for fiscal transparency, which adds to the package approved in January to curb tax on large engineering companies.

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Xaver Ditz
Global TP & business restructuring service line co-leader

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