European Union government and parliament negotiators reached a deal on rules that will force large multinational companies to disclose how much revenue and tax they pay in the 27-nation bloc and how much in countries considered tax havens by the EU. The new law, proposed by the European Commission in 2016, is part of the EU’s efforts to fight tax avoidance by large international companies at a time when the EU badly needs cash to finance an economic recovery after the COVID-19 pandemic.
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