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European Parliament Notes Discussion on Tax Avoidance Including Need for Public CbC Reporting

15 March 2021

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Proposed Changes

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European Union

The European Parliament has issued a release on 11 March 2021 regarding recent discussions regarding tax avoidance, including the need for public Country-by-Country reporting. --- OpenLux revelations: MEPs discuss tax avoidance with Commission and Council MEPs discussed the OpenLux investigations stressing the need for enforcement of existing rules and calling for new ones like that on country-by-country reporting to be introduced urgently. The discussion, which took place in plenary on Wednesday evening with Commissioner Gentiloni and the Council Presidency, comes in the wake of the latest journalist investigation which revealed the extent to which Luxembourg's financial ecosystem is generating tax...