Corporate Tax Transparency: Public Disclosure of Global Profits and Taxes.
This Act mandates large multinational corporations to publicly disclose detailed financial and tax information for every country where they operate. The goal is to increase transparency regarding tax avoidance and the shifting of profits to tax havens. Citizens will gain access to data allowing them to assess whether companies pay fair taxes where they actually generate revenue and employ workers.
Key points
Mandatory Public Reporting: Large global companies must disclose revenues, profits, taxes paid, and employee count for each tax jurisdiction.
Combating Tax Havens: This data aims to identify companies that shift profits to low-tax countries even if their main business activity occurs elsewhere.
Information for Citizens: All reports will be made publicly available online in a machine-readable format, increasing public scrutiny of corporate tax practices.
Expired
Citizen Poll