In These New Times

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EU proposals will force multinationals to disclose tax arrangements

Posted by seumasach on February 8, 2016

“This will anger Washington, which is already on the warpath over what it perceives as partial targeting of the big US digital companies by the EU.

Robert Stack, the US Treasury’s deputy assistant secretary for international tax affairs, said last month he is concerned about the “basic fairness” of investigations of US companies and their tax affairs in Europe. Meanwhile the commission has said it will consider adding Google’s heavily criticised £130m tax deal with the UK to its lengthy list of inquiries.

Guardian

7th February, 2016

US multinationals such as Google, Facebook and Amazon will be forced to publicly disclose their earnings and tax bills in Europe, under legislation being drafted by the EU executive.

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