The Commission is today leading the way towards greater corporate tax transparency by introducing public reporting requirements for the largest companies operating in the EU.Today's proposal is a simple, proportionate way to increase large multinationals' accountability on tax matters without damaging their competitiveness. It will apply to thousands of large firms operating in the EU, without affecting small and medium-sized companies.
The proposal also provides for stronger transparency requirements for companies' activities in countries which do not observe international standards for good governance in the area of taxation. The Commission will build on its External Tax Strategy with the aim of establishing the first common EU list of such tax jurisdictions as rapidly as possible.
Proposal for a Council Directive
EXECUTIVE SUMMARY OF THE IMPACT ASSESSMENT