Britain is to drop its opposition to plans that will force all European companies to say what tax they pay wherever they operate. After agreement in Brussels last week that Europe’s banks must reveal the taxes paid in each country, the Treasury is understood to be backing proposals to widen this to all firms. Britain’s support is seen as crucial to the campaign being spearheaded by Sharon Bowles, the Liberal Democrat MEP who led the bank disclosure effort. She said: ‘It’s something the UK has traditionally not been behind. It has not been a strong opponent, ....Read more here