Corporate Tax

EU legislators give the inexperienced mild to transparency guidelines for corporate taxes

By Najiyya Budaly (November 12, 2021, 12:13 p.m. GMT) – The European Parliament has passed rules that will force large corporations to publicly disclose the taxes they have paid in each member state in an attempt to stop this for tax avoidance.

The directive passed by the European Parliament on Thursday stipulates that multinational companies with an annual turnover of more than 750 million euros must publish the amount of taxes they pay in each member state. (AP Photo / Geert Vanden Wijngaert, file)

Legislators gave the final go-ahead late Thursday required to approve the measure, the Directive on Income Tax Information Disclosure by Certain Companies and Branches …

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