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U.K. Lawmakers Call for Linking Tax Transparency to Digital Tax

June 30, 2020, 2:40 PM

Tech groups that will pay the U.K.’s digital services tax should publish country-by-country reports on their tax affairs, according to a coalition of lawmakers.

The cross-party group proposed an amendment Tuesday to the country’s finance bill, scheduled to enter its report stage on July 1, that will make it mandatory for tech groups paying digital services taxes to publish a public report on their tax planning in every country they operate in.

Country-by-country reporting is one of the Organization for Economic Cooperation and Development’s tools for increasing tax transparency. The reports are meant to give tax officials a clearer...

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