European Parliament provides final approval needed for formal adoption of public CbCR Directive

Executive summary

On 11 November 2021, the European Parliament formally approved the proposed public country-by-country reporting (CbCR) directive (the Directive). This follows a provisional agreement reached by representatives of European Union (EU) institutions¹ on 1 June 2021² and a formal adoption of the proposal by the Council of the European Union (EU), i.e., the EU Member States on 28 September 2021.³ The Directive will be signed shortly and subsequently be published in the …