European finance ministers agree to new rules that will force countries to share information on tax deals granted to multinational corporations.
Following revelations of tax avoidance in ICIJ’s LuxLeaks investigation, companies may now have to report taxes on a country-by-country basis.
By reporting revenue in other countries, Amazon may face higher tax bills, but could also pressure other multinationals to follow suit.
ICIJ condemns the indictment of journalist and ICIJ member Edouard Perrin by Luxembourg prosecutors over leaked documents that revealed widespread aggressive tax avoidance.
European countries will share details of previously secret tax deals as part of a proposed new rule that cites ICIJ’s investigation as a key motivator.
The push for a LuxLeaks inquiry committee has been blocked by the leaders of the European Parliament.
Luxembourg gives up its tax rulings fight with the EU, and says the world is now paying attention to the issue.
Juncker promises to push for tax reform after new leak, but says LuxLeaks affair has “weakened” him.