The EU Council of Ministers reached agreement on establishing whistle-blower protection rules for employees who disclose company tax evasion and other illegal activities.
Under the Jan. 25 agreement, private companies with 50 employees or more and 10 million euro ($11.4 million) annual turnover would be required to set up an internal reporting system.
Employees would receive legal protection if they first used the internal system, but reports to an external authority or to the media could also qualify for protection under certain circumstances.
According to EU officials, the terms of the Council of Ministers agreement on the three-tiered approach would ...
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.