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Why greater tax transparency is needed to help fix the broken global tax system

Public CBCR by Financial Transparency Coalition is licensed under CC BY-NC-ND 3.0 The international tax system is broken and in need of urgent updating to address issues which allow globalised businesses to move their profits and intellectual property around the world, often to locations where they pay the least tax. Indeed some economists estimate that “close to […]

Two years on, little action from the EU on public country-by-country reporting

Two years ago, members of the European Parliament voted to force large multinational corporations registered in Europe to reveal how much tax they pay, how many people they employ and what profits they make in every country where they work. The transparency measure – known as public country-by-country reporting (or public CBCR) – was first […]

Why public country-by-country reporting should be introduced in the UK and across Europe

The release of the Paradise Papers has drawn attention to international calls for greater tax transparency to tackle the issues raised by the leak of millions of documents detailing the offshore behaviour of some of the world’s richest people and corporations. Along with a renewed push for the creation of public beneficial ownership registers to […]

Why MEPs should vote in favour of releasing public country-by-country reporting as open data

Tax avoidance and profit shifting by corporations across the world is an issue which has been gaining visibility over the past decade with many governments, campaigners, researchers and journalists calling for urgent political action. These calls have only gotten louder following recent reporting on scandals such as Luxleaks and the Panama Papers by the International […]