Disclosure of income tax information by certain undertakings and branches
At a Glance
08-11-2021
Tax transparency has become an important tool in the fight against tax avoidance and tax evasion. Country-by-country reporting (CBCR) aims at requiring multinational enterprises (MNEs) to provide sufficient data to be able to distinguish what part of their activity is related to a specific country. The European Commission's proposed directive on CBCR was first tabled in 2016. Interinstitutional negotiations led to a provisional agreement in June 2021. The European Parliament is expected to vote on it at second reading during the November I part-session.
At a Glance
About this document
Publication type
Policy area
Keyword
- administrative cooperation
- administrative formalities
- BUSINESS AND COMPETITION
- business classification
- criminal law
- data collection
- disclosure of information
- EDUCATION AND COMMUNICATIONS
- executive power and public service
- fight against crime
- FINANCE
- information and information processing
- information technology and data processing
- LAW
- multinational enterprise
- POLITICS
- social affairs
- SOCIAL QUESTIONS
- tax authorities
- tax avoidance
- tax evasion
- tax on income
- taxation