On November 16, 2015 the European Parliament’s Special Committee on Tax Rulings and Other Measures Similar in Nature or Effect (TAXE) had a meeting with the representatives of 11 multinationals. During the meeting several of the multinationals were asked whether they could confirm the answers they gave to certain questions or to provide additional information in writing. On November 25, 2015 TAXE published schedules with the written replies it received from 7 of the multinationals that participated in this November 16th meeting.
The questions to which the multinationals were asked to reply in writing include a.o. questions like whether the multinationals would commit to publicly disclose, even voluntarily, public country by country information (like banks do) and whether the multinationals ever pay contingent fee arrangements for tax advisory services.
The schedules TAXE has published on its website regard: Anheuser Busch-InBev, Barclays Bank Group, Coca-Cola Company, Google, McDonald's, Philip Morris International and The Walt Disney Company. By clicking on the name of the multinational you will be forwarded to the respective schedule as available on the website of the European Parliament, which will open in a new window.
In a separate press release the European Parliament announced that the resolution drafted by Elisa Ferreira (S&D, PT) and Michael Theurer (ALDE, DE) was passed by 508 votes to 108, with 85 abstentions.
Update:
Earlier today we reported that TAXE published the written replies it received from 7 multinationals that were present during TAXE’s November 16th meeting. Now TAXE has also published the written reply it received from HSBC Bank plc.
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