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New rules on revenue disclosure may affect Google

EU wants to know where companies got all that money

7:39 am on Apr 12, 2016 (gmt 0)

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Looks like the European Commission is publishing proposals to make companies disclose revenue generated and in what countries that revenue is generated.

"The so-called country-by-country reporting rule would require all companies with a turnover more than 750m to publish a breakdown of profits, tax, employees and net turnover in countries inside and outside the EU."


Google, Facebook and some other multinational corporations will be affected if these disclosure proposals become law.


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