EU: Status of proposal for public country-by-country reporting

EU: Status of proposal for public CbC reporting

The European Commission’s proposal for public country-by-country (CbC) reporting—which has been under consideration since 2016—would require multinational groups exceeding a certain revenue threshold to report publicly certain information on items such as activities, number of employees, net turnover, profit or loss before tax, tax accrued and paid, etc.


The public CbC reporting proposal has not advanced, in part, because of disagreements as to whether the proposal would be subject to the “ordinary legislative procedure” (requiring qualified majority voting in the EU Council) or that it must be advanced under the “special legislative procedure” (the common procedure used in tax matters and subject to unanimous approval at EU Council level).

The Portuguese presidency of the EU Council announced there will be a policy debate about the public CbC reporting proposal on 25 February 2021, and this could possibly clarify the state-of-play and, potentially, the extent to which progress can be made regarding the proposal.

Read a February 2021 report prepared by KPMG’s EU Tax Centre

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