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Latest News

Latest analysis of corporate compliance with EU pCbCR Directive: 60% of business perform well, but US and Swiss multinationals are laggards

Summary of findings 137 EU public Country-by-Country reports sourced and analysed. The most extensive analysis published globally to date, to the best of our knowledge. Almost two-thirds (60%) of corporate pCbCR reports are good, solid attempts to implement legislation driven by the EU pCbCR Directive. However, in 7% of instances, business have opted to confine disclosures to EU designated tax …

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mitie group plc

Mitie becomes largest employer to secure Fair Tax Mark certification

Mitie Group plc has achieved Fair Tax Mark certification across all its operations, both in the UK and internationally. Mitie becomes the largest company – by colleague numbers – to secure accreditation to date. Mitie, the UK’s leading facilities management and transformation company, joins a growing movement of businesses who recognise the importance of responsible tax conduct. The Fair Tax …

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EU-PCbCR web header

EU public Country-by-Country Reporting Directive takes early effect in Romania: implementation differs greatly across business

Background In 2021, the EU public Country-by-Country Reporting (pCbCR) Directive came into force. This requires large multinational companies that have a substantial presence in Europe to publicly share key financial information on their operations in each EU Member State and a designated list of tax havens.1 In the main, the Directive will lead to major new corporate tax disclosures in …

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