The Council of the European Union has published the final compromise text of the Proposal for a Directive for the introduction of public Country-by-Country (CbC) reporting in the EU. The text was agreed by the Permanent Representatives Committee on 9 June 2021, following the third trilogue on 1 June 2021.
As previously reported, the agreed text requires multinational enterprises or standalone undertakings with a total consolidated revenue of more than EUR 750 million in each of the last two…