eolas europe
Tax transparency and multinationals Ireland’s Minister of State for Trade Promotion, Digital and Company Regulation, Robert Troy TD, has been advised to maintain a “principled opposition” to refreshed efforts in the EU to introduce greater tax transparency for multinationals. Robert Troy TD.
A briefing by officials in the Department of Enterprise, Trade and Employment to the Minister of State, seen by the Irish Times, strongly recommended that Troy makes an intervention to oppose the proposed tax changes, with officials pointing to implications for Ireland’s competitiveness and ability to attract FDI.
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eolas europe
The European Commission first launched plans to introduce country-by-country reporting proposals back in 2016 in the wake of the ‘Luxembourg Leaks’ financial scandal of 2014, which uncovered sweetheart tax deals to multinationals and sparked wider international investigations. The 2015 and 2016 Commission
packages contained tax transparency announcements, including further transparency requirements for companies, such as the public disclosure of certain tax information by multinationals. Country-by-country reporting essentially means that multinationals with a total
