27/11/2019 (Agence Europe) – On Wednesday, 27 November, the day before the next meeting of the Competitiveness Council, where the matter is due to be discussed, Transparency International, Eurodad, Oxfam and ActionAid called on Member States to adopt an agreement on the proposed directive on country-by-country tax transparency (see EUROPE 12377/13). In a statement, they wrote: “We call on the Member States blocking the legislation to put the interests of citizens and the public services they rely on first, and work together to arrive at an ambitious position”. The proposal, which has been blocked in the Council of the EU for three years, would require companies to publish specific accounting data, such as their turnover and the taxes they have paid. The NGOs point out that, in the EU, the annual loss due to profit shifting by multinational corporations is estimated to be €50-70 billion and developing countries also lose at least $100bn a year in tax revenue. (MF)