EU Member States adopt public CbCR Directive

Executive summary

On 28 September 2021, the Council of the European Union (EU), i.e., the EU Member States, formally adopted its position at first reading on the proposed public country-by-country reporting (CbCR) directive (the Directive). This follows a provisional agreement reached by representatives of EU institutions, i.e., Council of the EU, European Parliament and European Commission, on 1 June 2021.¹ For the adoption process to be complete, the European Parliament will need to approv…