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'What we needed was to know where multinational corporations operate and pay tax,' Tove Ryder of Eurodad told EUobserver (Photo: European Council)

Tax advocates slam EU country-by-country directive

The European Council has adopted the outcome of a tax reporting directive that has been years in the making.

Country-by-country reporting (CDCR) is a tax transparency tool that requires multinational companies to provide tax authorities with the information they need to tax activities properly.

In practice, this means that for the first time, non-European corporations - with an estimated total revenue of around €750m - doing business in the EU through subsidiaries will have to c...

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

'What we needed was to know where multinational corporations operate and pay tax,' Tove Ryder of Eurodad told EUobserver (Photo: European Council)

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Author Bio

Wester is a journalist from the Netherlands with a focus on the green economy. He joined EUobserver in September 2021. Previously he was editor-in-chief of Vice, Motherboard, a science-based website, and climate economy journalist for The Correspondent.

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