On 20 July 2015, the European Parliament Special Committee on tax rulings and other measures similar in nature or effect issued its draft report on its tax rulings investigation. The report includes a motion for a European Parliament resolution to:

• Express its full support for the prompt establishment of a compulsory EU-wide Common Consolidated Corporate Tax Base (CCCTB);
• Call for urgent reform of the Code of Conduct on business taxation and of the Group charged with its enforcement;
• Call on the Commission to adopt new guidelines, in the framework of its State Aid Modernisation (SAM) initiative, clarifying what constitutes tax-related state aid and ‘appropriate’ transfer pricing;
• Reiterate its position that MNCs should disclose in their financial statements, by Member State and by third country in which they have an establishment, a range of aggregated information, including their profit or loss before tax, taxes on profit or loss, number of employees, assets held, etc. (i.e. country-by-country reporting);
• Call on the Commission to propose establishing an EU legislative framework for the effective protection of whistleblowers and the like; and
• Call for a common EU approach to tax havens; calls on the Commission, in particular, to continue its work on a clear definition, a common set of criteria to identify tax havens and appropriate sanctions for countries cooperating with them.

Click the following link for the full 36 page report.