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ARTICLE · 18 MAY 2016

European Commission Proposes Public Tax Reporting By Multinationals

De Brauw Blackstone Westbroek
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As part of its fight against corporate tax planning by multinational enterprises (MNEs), the European Commission has issued yet another proposal for country-by-country reporting for all large EU and non-EU multinationals with activities in the EU.

NetherlandsTax
Wiebe Dijkstra
Wiebe Dijkstra
Reinier Kleipool
Reinier Kleipool
Frank Pötgens
Frank Pötgens
Jean Schoonbrood
Jean Schoonbrood
Paul Sleurink
Paul Sleurink
Martin Van Olffen
Martin Van Olffen
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As part of its fight against corporate tax planning by multinational enterprises (MNEs), the European Commission has issued yet another proposal for country-by-country reporting for all large EU and non-EU multinationals with activities in the EU. The proposal requires multinationals with a consolidated net turnover of more than EUR 750 million to publically disclose information on their tax accruals and payments, activities, number of employees, turnover, and pre-tax profits. This will have to be done annually on a country-by-country basis for each member state of the EU, as well as for each non-EU "tax haven" where the MNE has activities. The MNE will have to publish the report on its website and file it with the relevant national commercial register. Before the proposal is adopted, it has to be approved by a qualified majority in the ECOFIN Council and by the European Parliament. In March 2016 the ECOFIN Council already reached political agreement on a proposal by

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