German Finance Minister Supports Public CbC Reporting

Although opposed in the past, German Finance Minister Olaf Scholtz recently announced in a Twitter post that social democrats (SPD) party ministers are now in favor of public Country-by-Country (CbC) reporting (Scholtz is a member of the SPD party). The post was made during a campaign tour for the SPD presidency.

Proposals for making CbC reports public were first made in 2016 along with the introduction of the current CbC reporting requirements, with both the European Commission and the Eu…