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Multinationals, obliged to be transparent. The European authorities want to make sure that they pay the right taxes in the countries where they operate

Multinationals, obliged to be transparent. The European authorities want to make sure that they pay the right taxes in the countries where they operate

Author: Adrian Rus, Partner, Leader of the Transfer Pricing Department, EY Romania

Companies will be required to publicly declare where they make their profits and pay their taxes. The measure passed these days by the Council of the European Union and is a concretization of a proposal for a Directive dating from 2016, meant to increase transparency and determine whether multinationals pay the appropriate taxes in each jurisdiction where they operate.

For more information, please see the Romanian version of the article, here.

 

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ERNST & YOUNG SRL