Corps. Resisting Tax Disclosure On Wrong Side Of History

Law360 (February 11, 2019, 3:47 PM EST) -- A new report for the Tax Justice Network details the extent to which many U.S. multinationals have flaunted the United Kingdom’s legal requirements for tax disclosure. This is part of a much wider struggle to shine a light on multinationals’ tax affairs, in which civil society has led the way but where investors are also now increasingly engaged and some major companies have become champions. Those resisting transparency are on the wrong side of history.

Apathy in the United Kingdom

In the report, “Brass necks and boilerplate: How U.S. multinationals treat U.K. requirements for tax strategy disclosure,”[1] we analyze the compliance...

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