On 28 October 2021, the European Parliament's Committee on Economic and Monetary Affairs and Committee on Legal Affairs voted to approve the draft directive amending Directive 2013/34/EU as regards disclosure of income tax information by certain undertakings and branches (i.e., public CbC reporting). As previously reported, the Council of the EU adopted the draft directive on 28 September 2021, with formal approval needed by the European Parliament before it can enter into force. The directiv…