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Luxembourg was at the centre of a major corporate evasion tax scheme known as LuxLeaks (Photo: Jimmy Reu)

EU may impose full tax transparency on US firms

The European Commission is working on forcing big companies to publicly disclose their taxes and earnings in a move to curb tax avoidance.

While the move is likely to be welcomed by some, the EU executive still refuses to budge on allowing MEPs full access to tax sins committed by member states in the past.

A commission spokesperson told reporters in Brussels on Monday (8 February) it was studying the idea to make US multinationals like Amazon and Google reveal their earnings and...

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Author Bio

Nikolaj joined EUobserver in 2012 and covers home affairs. He is originally from Denmark, but spent much of his life in France and in Belgium. He was awarded the King Baudouin Foundation grant for investigative journalism in 2010.

Luxembourg was at the centre of a major corporate evasion tax scheme known as LuxLeaks (Photo: Jimmy Reu)

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Author Bio

Nikolaj joined EUobserver in 2012 and covers home affairs. He is originally from Denmark, but spent much of his life in France and in Belgium. He was awarded the King Baudouin Foundation grant for investigative journalism in 2010.

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