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Issues Remain on Implementation of Public CbC Reporting in the EU

16 April 2021

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Proposed Changes

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European Union

According to recent reports, issues remain between the European Parliament and the European Council on the implementation of Public CbC reporting during recent a meeting that also included the European Commission. Outstanding issues include: Aggregation of data, which the Council supports for all non-EU countries, while the Parliament wants data disaggregated for all countries; Reporting of turnover, which the Parliament wants separation for net turnover and turnover with related parties; and The particulars of a safeguard clause for information MNE group do not want to be made public. The three sides are scheduled to meet on 23 April 2021 for...