Google, Facebook and Amazon may be forced to reveal tax haven activity

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Google, Facebook and Amazon may be forced to reveal tax haven activity

Google, Facebook and Amazon may be forced to reveal tax haven activity

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


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. Read more...


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