EU tax transparency rules leave tax justice advocates craving more ambitious reforms ...Middle East

European Union member countries have agreed on new rules requiring multinationals to disclose tax information about their EU-based operations in an effort to curb tax avoidance and profit shifting. Companies with consolidated revenue of more than $910 million will have to publish the amount of tax they pay, their profits and number of employees in each EU country where they operate as a way to increase transparency on their fiscal strategies. ”We have laid the foundations for tax transparency in the EU with this deal, and this is just the beginning,” lead negotiator and Austrian member of the European Parliament Evelyn Regner said in a statement. “Now that governments are helping companies t

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