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Proposed ECOFIN Modification to EU Directive for the Exchange of CbC Reports Includes Optional Filing for Non-EU Parents for 2016 — Orbitax Tax News & Alerts

As previously reported, the EU's Economic and Financial Affairs Council (ECOFIN) announced on 8 March 2016 that it has reached agreement on the draft EU directive requiring the exchange of Country-by-Country (CbC) reports between EU Member States ({News-2016-01-29/P/2- previous coverage}). As part of the agreement, ECOFIN reportedly included a modification proposed by Germany that MNEs w...