Directive (EU) 2021/2101 was published in the Official Journal of the European Union on 1 December 2021, amending Directive 2013/34/EU as regards disclosure of income tax information by certain undertakings and branches. Directive (EU) 2021/2101 provides for the introduction of the new public Country-by-Country (CbC) reporting requirements in the EU that were given final approval in the European Parliament in November. The Directive requires multinational enterprises with total consolidated revenue of more than EUR 750 million in each of the last two consecutive financial years, whether headquartered in the EU or outside, to publicly disclose income tax information separately for...