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European Parliament provides final approval needed for formal adoption of public CbCR Directive

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European Union

Executive summary

On 11 November 2021, the European Parliament formally approved the proposed public country-by-country reporting (CbCR) directive (the Directive). This follows a provisional agreement reached by representatives of European Union (EU) institutions1 on 1 June 20212 and a formal adoption of the proposal by the Council of the European Union (EU), i.e., the EU Member States on…

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