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Image header Agence Europe
Europe Daily Bulletin No. 10123
Contents Publication in full By article 12 / 28
GENERAL NEWS / (eu) eu/taxation

Commission considering country-by-country disclosure by multinationals operating in developing countries

Brussels, 21/04/2010 (Agence Europe) - On Wednesday 21 April 2010, the European Commission published a report on encouraging good tax governance in developing countries, one of a series of strategic documents to help the European Union prepare for the September 2010 United Nations (UN) summit revising the Millennium Development Goals (see related article).

In many developing countries, the tax-to-GDP ratio ranges between 10% and 20%, as opposed to 25% to 40% in developed countries. The...

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