27/05/2021 (Agence Europe) – Some 60 organisations, including Transparency International, the Public Service Unions (EPSU) and Oxfam, are calling for the European Union to lead in the fight for tax transparency (see EUROPE 12727/22). While the US is drafting legislation that would require large US companies to disclose their public country by country reporting for all their activities abroad, the EU should not only require European companies in third countries which are on its blacklist of non-cooperative tax jurisdictions to disclose such data on their activities, they say. According to the organisations, such EU rules would make the data from the reporting ineffective to analyse potential tax avoidance schemes and would have the “perverse effect” of pushing European companies to relocate their tax planning outside the EU. See their letter to the EU institutions: https://bit.ly/3fsmNCM (MB)