Executive summary
At the internal market and industry Council meeting on 25 February 2021, European Union (EU) Ministers held a policy debate in a public session on the proposed public country-by-country reporting (CbCR) directive. The directive as it was proposed by the European Commission in 2016, requires multinational companies with a total consolidated revenue of more than €750 million in each of the last two consecutive financial years to disclose publicly the income taxes paid in each…