On 4 July 2017, the European Parliament voted in a plenary session to approve the proposal for a directive to require public Country-by-Country (CbC) reporting in the EU. The draft report on the proposal was approved by 534 votes to 98 votes, with 62 abstentions. In the draft approved, MNE groups with operations in the EU and consolidated turnover of EUR 750 million or more will be required to …