The EU Parliament has voted to approve the Economic and Monetary Affairs committee’s draft report on a proposal for public country by country reporting for multinational groups.
As reported last month, the Parliament’s draft is broader than the Commission’s original proposal, requiring information to be itemised separately for each tax jurisdiction worldwide, not just in the EU. It would also allow companies to apply for an exemption for certain details to protect commercially sensitive information.
The report has been sent back to the committee to begin negotiations on a plenary mandate.
The EU Parliament has voted to approve the Economic and Monetary Affairs committee’s draft report on a proposal for public country by country reporting for multinational groups.
As reported last month, the Parliament’s draft is broader than the Commission’s original proposal, requiring information to be itemised separately for each tax jurisdiction worldwide, not just in the EU. It would also allow companies to apply for an exemption for certain details to protect commercially sensitive information.
The report has been sent back to the committee to begin negotiations on a plenary mandate.
