OrbitaxOrbitax

UK House of Commons Approves Amendment Allowing Treasury to Require Public CbC Reports

|Proposed Changes|United Kingdom
United Kingdom

On 6 August 2016, the UK House of Commons announced the approval without division of Amendment 145 concerning public disclosure of Country-by-Country (CbC) reports. A previous public CbC reporting measure was defeated in June 2016, but continued campaigns for transparency have pushed the revised amendment through.

The measure amends the pending Finance Bill 2016 to allow HM Treasury to require…

Continue Reading