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Capital Requirements Directive 4: consultation launched on country-by-country reporting

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HM Treasury is consulting on the transposition into UK law of the requirement for financial institutions to disclose detailed information about their business on a country-by-country basis from July 2014. Subject to a European Commission impact assessment, the required information will be extended from 2015 to include pre-tax profit or loss, taxes paid and any public subsidies received. Capital Requirements Directive 4 affects a broad spectrum of firms, ranging from very large multinational banks to small investment firms. Comments should be submitted by 18 October 2013.

Issue: 1186
Categories: News , Corporate taxes