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EU companies face tough transparency rules
As part of a drive for greater transparency European companies operating in the oil, gas, mining and logging industries will be forced to reveal details of what they pay to governments in relation to specific projects. Legislation proposed by the European Commission would update the Transparency Directive to make it more difficult for companies to avoid paying taxes and fair wages in resource-rich developing nations. Data would be published as an aggregate of a company's activities in an individual country. [refers to BP, Shell, Total, Anglo American, Repsol]