Brussels/Prague, 28th of January 2021 – The chairman of the European Pirate Party Mikuláš Peksa has launched a campaign to convince the Czech government to support public country-by-country-reporting. This would bring a new system of transparent profit reporting for big multinational corporations all over Europe increasing public oversight.
The decision on the proposal is one of the top priorities of the new Portuguese Presidency of the Council of the EU.
“The reason for this campaign is simple – we want to explain why public reporting is important and to persuade Member States to vote in favour of adopting this transparent and effective instrument in the European Competitiveness Council (COMPET). In order to the proposal to pass, it must be approved by qualified majority meaning 15 out of the 27 EU countries representing at least 65% of the total EU population. The situation now looks very tight,” explains Pirate MEP Mikuláš Peksa.
According to Pirates’ calculations, this system would save the Czech Republic alone around 380 million EUR on taxes per year. “It will be much harder for companies to hide tax evasions from states or customers when we see that they make big profits in countries where they have low economic activity or no employees,” adds Peksa.
Pirates are now collecting signatures for an open letter for the Czech government who is now neutral to the proposal. The goal is to convince the Prime Minister and Minister of Finance to support this legislation fully.