Multinationals to publicly declare country-by-country profits and tax

Peter Walker
6 September 2016

A cross-party group of MPs is claiming a victory for corporate tax transparency after the government accepted a legal amendment that could force multinationals to publicly declare where they do business and the tax they pay.

The measure is one of two key recommendations arising from a recent report, by the International Transport Workers Federation (ITF),  into tax minimisations schemes used by North Sea oil companies.

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