The directive imposing public country-by-country reporting (CBCR) should be strengthened, according to a report by the EU Tax Observatory published on Thursday 6 June (see EUROPE B12832A24).
The independent research laboratory acknowledges that the EU has taken an important step towards improving corporate tax transparency with this directive. However, the text has serious limitations, as the requirements are largely insufficient to truly assess the activity of multinationals. Broader...