The ASCG comments on the EU-Commissions‘ proposal for a Directive amending the Accounting Directive as regards disclosure of income tax information

The ASCG has sent a comment letter to the Federal Ministry of Justice and Consumer Protection  on the  EU-Commissions‘ proposal for a Directive amending the Directive 2013/34/EU which imposes on certain multinational groups the publication of a yearly report on the profit and tax paid and other information.

The ASCG recognises the importance and the political priority of the anti tax avoidance initiatives. However, the ASCG takes the view that the proposed disclosure requirements are not suitable to fight against tax avoidance and aggressive tax planning.