The proposal for country-by-country tax transparency (‘reporting’), which would require companies to make certain accounting data public, such as turnover, profits and taxes paid, was put on the agenda of the Competitiveness Council on 28 November.
The initiative comes, according to one European source, from the Finnish Presidency of the Council of the EU, which is reportedly seeking to reach an “agreement” within the EU Council in order to start negotiations for a second rapid...