On 3 June 2016, Council Directive (EU) 2016/881 was published in the Official Journal of the European Union. The Directive amends the administrative cooperation Directive (Directive 2011/16/EU) so that EU Member States are required to exchange Country-by-Country (CbC) reports for fiscal years beginning on or after 1 January 2016, without the need for any additional tax information exchange agreement or competent authority agreement between the exchanging Member States. The Directive was adopted on 25 May 2016 ({News-2016-05-26/A/2- previous coverage}), and EU Member States have until 4 June 2017 to adopt and publish the domestic laws, regulations and administrative provisions necessary...