European Parliament passes public CbCR proposal, allows firms to file for exemption

Jun 13,2017

European Parliament approves draft proposal requiring public reporting of Country-by-Country (CbC) report by MNCs having worldwide turnover more than €750 million; Large firms must make information about taxes paid in each country publicly available, say the Economics and Legal Affairs committees; Parliament however allows firms to apply to authorities in member states for exemptions from disclosure of tax details in order to protect commerci...

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