The first serious success of the Portuguese presidency opinion

Last Thursday, the EU Council of Economic Ministers, on which the Portuguese Pedro Siza Vieira sits, approved the most important proposal for us, which most of us have never heard of. As is so often the case in European affairs, the use and misuse of acronyms and cryptic names does not help: the proposal is referred to as CBCR, which means “Country by Country Reporting” in English, or “Country by Country Reporting” which is also not clarifies. Exceptionally, however, sophisticated language is not used to hide something that we would initially reject, but rather a simple, fair principle that most of us cannot even believe is not already a reality: that multinational corporations post their profits Declare the respective transactions This is an essential step so that you can pay your taxes in relation to the transactions in the individual EU countries.

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