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February 7, 2016

EU proposals will force multinationals to disclose tax arrangements

Exclusive: Large US firms such as Google and Amazon will be required to disclose tax bills in Europe under draft legislation from European commission

US multinationals such as Google, Facebook and Amazon will be forced to publicly disclose their earnings and tax bills in Europe, under legislation being drafted by the EU executive.

The European commission is to table legislation in early April aimed at making the world’s largest multinational corporations open their tax arrangements with EU governments to full public scrutiny.

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