The parliament announced that the deal struck with the European Council - which represents governments - would require multinationals with an income of over €750 million to publish the tax they pay in each EU member state.
According to the parliament statement, companies will also have to provide country-by-country reports on the number of full-time employees in each member state, the amount of profit or loss before income tax in each country, and the amount of accumulated and paid income tax and accumulated earnings.The parliament said its members wanted greater transparency over tax lost to havens in the EU, among which it included Ireland, the Netherlands and Luxembourg.
"With the public Country-by-Country Reporting Directive - which obliges big corporations operating in the EU to disclose their tax information - we have answered society's calls for more tax transparency.
How's the 12.5% looking now? Ireland is totally f***** already. And our overlords in Brussels are just rubbing salt in the wound now! Our spineless leaders only know how to do one thing in the EU.
Lol...FFG/G...now fcked..How are the gonna spin this one to the Lords they knee to🤣
Ireland was completely out manoeuvred. This is not good when you see the EC bringing back in the consolidated tax base discussions. Big problems coming for our 12.5% and our corporate tax base.
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