It is a historic day for tax transparency. After 5 years of deadlock, a clear qualified majority was reached at the meeting of EU Competitiveness Ministers on Thursday 25 February on the proposal for ‘public country-by-country reporting’ (CBCR), which would oblige companies to make public certain accounting data, such as their turnover or taxes paid (see EUROPE B12653A2).
In a press conference following the meeting, the Portuguese Minister of Economy, Pedro Siza Vieira, confirmed...