Implementation of the directive on public country-by-country reporting is still a long time coming in Austria
Vienna (OTS/SK) – This week, the black-green federal government is submitting a law to implement so-called “public country-by-country reporting” for review. Evelyn Regner, SPÖ MEP and Vice President of the EU Parliament, took the lead in negotiating the relevant directive as rapporteur. She says: “Back then, the ÖVP really tried everything to water down, slow down or even prevent the directive at EU level. But we overcame all resistance from the Council and the public EU corporate tax return became law. However, implementation in Austria is taking far too long to come. This should actually have been completed in June 2023, but the green coalition partner was apparently happy to help delay more tax transparency for almost a year. The current proposal will of course bring progress, but the Austrian government cannot boast about it. She never wanted the law for more tax transparency and is now simply implementing what she can no longer prevent. Just in time to avoid a lawsuit before the ECJ.” ****
Regarding the content, Regner says: “Tax justice needs transparency, like people need the air to breathe. And large multinational companies will in future have to disclose where they make profits and where they pay taxes. The publication of this information is the basis for further legal steps against tax avoidance and tax evasion. For this purpose, the directive also provides for the publication of tax information on the companies’ respective websites, which is currently missing from the Austrian proposal. So I hope that improvements will be made during the review period. The next important step would be the EU-wide harmonization of the tax base so that the destructive tax competition between member states finally comes to an end.” (Conclusion) ls
Questions & Contact:
Jakob Flossmann
Press spokesman for the SPÖ delegation in the European Parliament
+43 660 562 11 99
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