The German Federal Assembly (Bundesrat) on 12 April 2016 passed a resolution on the EU proposal for public Country-by-Country (CbC) reporting by multinationals, revealing significant concerns about the initiative.
The EU Commission proposal, issued the same date, would amend the EU Accounting Directive to include public CbC reporting requirements. It goes beyond a 26 January proposal that calls for amendment of the EU Council Directive on Administrative Cooperation (DAC IV) to adopt exchange…