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04-12-2016, 01:50 PM
Google, Facebook and Amazon may be forced to reveal tax haven activity
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LONDON — Tech companies such as Google, Facebook and Amazon are among the multinationals who will be forced to publicly disclose their activities in so-called tax havens, under new legislation being proposed by the European Commission.*
SEE ALSO: Still confused about the Panama Papers? This explainer will help you out (http://mashable.com/2016/04/10/panama-papers-mashable-explains/)
The new rules were amended following a massive leak of documents from a Panama-based law firm.*
Companies*earning more than £600 million a year will have to open up their books and show their profits and accounts in each European Union country, including how much money they make in the tax havens,*Reuters reports (http://uk.reuters.com/article/panama-tax-eu-idUKL5N1794HX). Read more... (http://mashable.com/2016/04/12/google-facebook-amazon-tax-haven-european-commission/)
More about Amazon (http://mashable.com/category/amazon/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Google (http://mashable.com/category/google/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Tax Haven (http://mashable.com/category/tax-haven/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Uk (http://mashable.com/category/uk/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and World (http://mashable.com/world/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/2DCLDrW_QV8
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LONDON — Tech companies such as Google, Facebook and Amazon are among the multinationals who will be forced to publicly disclose their activities in so-called tax havens, under new legislation being proposed by the European Commission.*
SEE ALSO: Still confused about the Panama Papers? This explainer will help you out (http://mashable.com/2016/04/10/panama-papers-mashable-explains/)
The new rules were amended following a massive leak of documents from a Panama-based law firm.*
Companies*earning more than £600 million a year will have to open up their books and show their profits and accounts in each European Union country, including how much money they make in the tax havens,*Reuters reports (http://uk.reuters.com/article/panama-tax-eu-idUKL5N1794HX). Read more... (http://mashable.com/2016/04/12/google-facebook-amazon-tax-haven-european-commission/)
More about Amazon (http://mashable.com/category/amazon/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Google (http://mashable.com/category/google/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Tax Haven (http://mashable.com/category/tax-haven/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Uk (http://mashable.com/category/uk/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and World (http://mashable.com/world/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/2DCLDrW_QV8