Sir Malcolm Bruce MP says we want country-by-country reporting, now

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According to the FT this morning:

Sir Malcolm Bruce [has] called on ministers to require British companies to report how much they earned in each country in which they operated, saying such a move could help prevent tax evasion.

He said: “Country-by-country reporting would help to ensure the correct amount of tax is paid and the cost to companies would be very modest.”

He's right on this one.