Press release

12 April 2016

The Federation of European Accountants supports effective corporate tax transparency



Brussels, 12 April 2016

The Federation of European Accountants contributes to policy initiatives that promote transparency and integrity. We welcome the debate the European Commission started today, with its proposal for companies to publish tax information on a country-by-country basis.

This proposal is one of the Commission’s key steps towards corporate tax transparency. Under the proposal, multinationals that are active in the EU with an annual turnover over EUR 750 million (both foreign and European), would have to make certain information public, such as their revenue, profit, and the amount of income tax charged in each Member State. This obligation would also apply to their activities in countries which, according to the Commission, do not observe international standards for tax good governance.

“Recent events have demonstrated the strong demand for transparency”, commented the Federation’s CEO Olivier Boutellis-Taft. “The structured reporting of relevant and reliable tax information will contribute to reducing suspicion and enhancing public trust. Constructive multi-stakeholder debates and clear policy frameworks are essential to promote the openness that the public demands.”

The accountancy profession is committed to the public interest and to contributing to the legitimacy and robustness of our tax systems. With its unique skill sets combining financial reporting, tax, auditing, and ethics, the profession is looking forward to embracing change that contributes to further transparency.

Related documents:
European Commission’s Directive proposal on corporate tax transparency

About FEE
FEE (Federation of European Accountants) is an international non-profit organisation based in Brussels that represents 50 institutes of professional accountants and auditors from 37 European countries, including all of the 28 EU member states. FEE has a combined membership close to a million professional accountants, working in different capacities in public practice, small and large accountancy firms, businesses of all sizes, government and education – all of whom contribute to a more efficient, transparent and sustainable European economy.

For more information:


Tel: + 32 2 893 33 60


Related content

PublicationSupply chain sustainability assessment

28 January 2022

NewsTime to deliver on high quality sustainability reporting

12 November 2021

Consultation responseIAASB’s survey consultation: work plan for 2022‒2023

25 August 2021

NewsCall for dialogue: assessment of SMEs’ post-COVID financial health

19 July 2021

NewsNew Roadmap enhances EU Sustainable Finance Strategy

7 July 2021

NewsStakeholders issue a joint statement on EU sustainable corporate governance

8 June 2021

Consultation responseIESBA’s proposed revisions to the definitions of listed entity and public interest entity in the...

5 May 2021

NewsAccountancy Europe welcomes EU progress on sustainability reporting standards

21 April 2021

NewsNew directive takes EU corporate sustainability reporting to the next level

21 April 2021

NewsAccountancy Europe supports new EU plan to improve SMEs’ access to finance

26 March 2021

Podcast Ethics, digitalisation and accounting

16 December 2020

NewsSupporting SMEs’ access to COVID support funding via professional advice

4 December 2020

NewsAccountancy Europe welcomes EU sustainable corporate governance initiative

8 October 2020

NewsEUIPO and Accountancy Europe join to support SMEs

24 September 2020

NewsAccountancy Europe welcomes cooperation by sustainability reporting bodies

23 September 2020

NewsEuropean tax professionals call for better tax governance

10 July 2020

NewsEquity: the key to unlocking a sustainable economic recovery

2 July 2020

NewsJoint statement on the revision of the non-financial reporting directive in the context of Covid-19

23 June 2020

NewsAccountancy Europe leads the non-financial reporting debate

17 June 2020

Consultation responseIESBA’s proposed revisions to the fee-related provisions of the code

10 June 2020

Sign up for our newsletter

* indicates required
Would you like to subscribe to our newsletter?
On which topics would you like to receive news?