Following the agreement reached by the Council of Ministers in their informal meeting on 25 February 2021, the Committee of Permanent Representatives (COREPER, Committee of the Ambassadors of the Member States) on 3 March 2021 formally mandated Portugal, the current president of the Council, to engage in negotiations with the European Parliament (EP) for the swift adoption of the proposed directive on the disclosure of income tax information by certain undertakings and branches, commonly referred to as public Country-by-Country reporting (public CbC). Under the mandate, Portugal is to propose to the EP the adoption of the directive at second reading...