Panama Papers: EU to force big firms to disclose tax details

But IMF chief Christine Lagarde pours cold water on hopes of a global tax authority

160412-starbucks.jpg

The European Union is to unveil plans to force large companies to disclose more about their tax affairs, following the Panama Papers revelations.

Britain's EU Commissioner, Lord Hill, will today set out proposals to make multinational firms with more than £600m in annual sales detail how much tax they pay and where.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
To continue reading this article...
Continue reading this article and get limited website access each month.
Get unlimited website access, exclusive newsletters plus much more.
Cancel or pause at any time.
Already a subscriber to The Week?
Not sure which email you used for your subscription? Contact us