EU Parliament Draft Amendments for Public CbC Reporting Including Lower Reporting Threshold

A draft report from the European Parliament Committee on Economic and Monetary Affairs has been published that includes several proposed amendments to the proposed directive for public Country-by-Country (CbC) reporting in the EU. Proposed amendments include:

• Removing the general condition that reported information "should be limited to what is necessary to enable effective public scrutiny, in order to ensure that disclosure does not give rise to disproportionate risks or disadvantages";
• Usi…