Europe goes after corporate tax avoidance
The European Union’s executive body is calling for large companies to reveal their tax and financial data on a country-by-country basis for operations in the 28 EU member states and in some yet-to-be-specified tax havens. The proposal would affect firms with global revenues of more than 750 million euros—roughly 6,000 in total.
Some say the disclosure requirements, which require approval by the European Parliament and EU governments, would have a chilling effect on companies’ European operations. Others say they don’t go far enough.
Click the audio player above to hear the full story.
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.
