Press Release: Tax transparency: Commission welcomes agreement reached by Member States for the automatic exchange of information on country-by-country reports (CbCR) of multinational companies, subject to UK scrutiny

The European Commission welcomed on 8 March 2016 the political agreement by Member States on the automatic exchange of tax-related financial information of multinational companies, known as country-by-country reporting, subject to UK parliamentary scrutiny.

• Primary Source

Council of the European Union: Press Release, 08.03.16: Corporate tax avoidance: Council agrees its stance on the exchange of tax-related information on multinationals http://www.consilium.europa.eu/en/press/press-releases/2016/03/08-corporate-tax-avoidance/

ESO: Background information: Communication from the Commission to the European Parliament and the Council. Anti-Tax Avoidance Package: Next steps towards delivering effective taxation and greater tax transparency in the EU http://www.europeansources.info/record/communication-anti-tax-avoidance-package-next-steps-towards-delivering-effective-taxation-and-greater-tax-transparency-in-the-eu/

EurActiv, 08.03.16: EU tax transparency directive ‘insufficient first step’, activists say http://www.euractiv.com/section/euro-finance/news/eu-tax-transparency-directive-insufficient-first-step-activists-say/

EurActiv, 08.04.16: Panama Papers scandal puts pressure on EU to toughen tax laws http://www.euractiv.com/section/euro-finance/news/panama-papers-scandal-puts-pressure-on-eu-to-toughen-tax-laws/

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