Taxpayers are worried about how China, Germany and the UK will use data provided in country-by-country reports, according to a survey by TP Week in conjunction with Thompson Reuters.
UK leader David Cameron has called on the US and China to create company registries, saying larger countries needed to catch up with UK overseas territories and crown dependencies.
While European politicians are pushing for more tax transparency, multinational companies - tired of regulation for the sake of it - are starting to push back. TP Week reports from the Commonwealth Secretariat conference.
Multinationals are targeted in Australia’s 2016-2017 budget with Treasurer Scott Morrison aiming to collect an additional AUS $3.9 billion ($2.9 billion) in tax from MNEs by 2020.
