EU: Public Country-by-Country Reporting?

Category: EU Documents, Transfer Pricing Library, Transfer Pricing News | Tag: , , ,
« | »

Proposal directive of public country-by-country reporting in the EU

Ministers held an exchange of views (public session) on how to take the proposed directive forward.

Pedro Siza Vieira, Portuguese Minister of State for the Economy and Digital Transition

Tax transparency is a fundamental principle in any democratic society. It enables policy makers to take informed decisions and to ensure that all economic actors contribute in a fair and equitable manner to the economy of the various countries where they conduct their business. Today’s debate has opened the way for the proposed directive to move forward as a matter of priority.

Pedro Siza Vieira, Portuguese Minister of State for the Economy and Digital Transition

A clear majority of ministers were of the view that the latest consolidated presidency proposal is technically mature. They invited the Portuguese presidency to seek a negotiating mandate without delay in order to explore with the European Parliament the possibility of a deal for the swift adoption of the directive.

The Portuguese presidency concluded that there was political support for it to seek a negotiating mandate in order to explore with the European Parliament the possibility of a deal for the swift adoption of the proposed directive.

(Source: European Council)

EU CbC draft ST_5183_2021_INIT_en

 






Related Guidelines

  1. TPG2022 Chapter V paragraph 5.26Annex III to Chapter V of these Guidelines contains a model template for the Country-by-Country Report together with its accompanying instructions....
  2. TPG2022 Chapter V paragraph 5.25The Country-by-Country Report will be helpful for high-level transfer pricing risk assessment purposes. It may also be used by tax administrations in evaluating other BEPS related risks and where appropriate for economic and statistical analysis. However, the information in the Country-by-Country Report should...
  1. The EU Anti Tax Avoidance Package – Anti Tax Avoidance Directives (ATAD I & II) and Other MeasuresAnti Tax Avoidance measures are now beeing implemented across the EU with effect as of 1 January 2019. The EU Anti Tax Avoidance Package (ATAP) was issued by the European Commission in 2016 to counter tax avoidance behavior of MNEs in the EU and...
  2. US Senate Hearings on Offshore Profit Shifting and Abusive Tax Schemes See the documents from the US Senate hearings on offshore profit shifting and abusive tax schemes   Offshore Profit Shifting and the U.S. Tax Code – Part 1 (Microsoft & Hewlett-Packard) and Part 2 (Apple Inc.), Carl Levin’s opening statements.    ...

Related Case Law