The European Commission is introducing public reporting requirements for the largest companies operating in the EU.

Multinationals with global revenues exceeding €750m a year will be required to publish annual reports disclosing the profit and the tax accrued and paid in each member state on a country-by-country basis. The information will remain available for five years.

Contextual information, including turnover, number of employees and nature of activities, will have to be disclosed for every EU country in which a company is active, as well as for tax jurisdictions that …