Members of the European Parliament on October 24 adopted a resolution urging member states to break their deadlock and enact rules requiring public country-by-country reporting of taxes paid by large multinational groups. The resolution would require disclosure of how much tax is paid by each multinational to each country.
The resolution also calls on the Finnish presidency to recommence and prioritize work on the public country-by-country reporting proposal.
The resolution was adopted by 572 votes in favor, 42 against, and with 21 abstentions.
The Parliament previously backed the same proposed legislation in 2017. EU ministers have, however, failed to adopt a position and, as a result, no law has been adopted as yet.
The proposal aims to curtail multinational group tax avoidance.
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