Madrid, Mar 18 (EFE) .- The secretary of State for Finance, Michael Ferre, said today that multinationals with turnover over 750 million euros to year must report their sales, profits and taxes in the statement of corporation tax for the year 2016 to do in 2017.
Speaking at a conference organized by the Association of Economic Journalists (APIE ), Ferre stressed that this is reflected in the regulation of corporate tax from today is under public information.
This standard multinational information contained BEPS OECD project, a plan erosion of the tax base and the movement of profits, with which it is intended to combat aggressive control of multinationals.
Ferre has indicated that it can not advance in this area if it is not done with international coordination.
The multinationals and their parent must report their income, sales, gross results of activity worldwide, taxes paid in each jurisdiction, employees or shareholders’ equity.
The Secretary of State has indicated that this will allow a “very important” for advance what the situation of multinationals in each jurisdiction.
Ferre has been reported that, in order to avoid administrative burdens “unnecessary” information the parent to give their countries of residence and added that if the multinational is in a tax haven world data may ask that subsidiary
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