Commissioner Barnier welcomes EP vote on Accounting and Transparency Directives (including country by country reporting)

12 June 2013

"With the new rules on country by country reporting, we have created a framework where businesses and governments must disclose revenues from natural resources. This framework will also contribute to the fight against tax fraud and corruption."

“But we must go further now and take measures on more transparency on tax for all large companies and groups – the taxes they pay, how much and to whom. I think it should be possible to introduce rules for the publication of the information on a country by country basis, similar to those approved for banks in CRD IV, or in the Commission’s proposal on improving the transparency of certain large companies on non-financial reporting, adopted in April.”

Press release

Video of press conference

FAQs:

• Accounting Directive
• Transparency Directive
• Country by country reporting

See also “EU must extend corporate transparency to all sectors” – Sharon Bowles

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