European Union efforts to force large companies to publicly report the taxes they pay on a country-by-country basis have been stopped dead after Germany declined to back the legislation.
A day after the European Parliament approved 572 to 42 a motion calling on EU member states to join it in supporting the legislation, an EU diplomat said there was no breakthrough at a Council of Ministers meeting. This means country-by-country tax data—which all companies of a certain size have to submit—will remain private for the time being.
“No country has changed its position, so there is still ...
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