The Government of Gibraltar has reportedly issued draft legislation to transpose into domestic law the amendments made to the EU Directive on administrative cooperation in the field of taxation (2011/16/EU) concerning the exchange of Country-by-Country (CbC) reports (Council Directive (EU) 2016/881). As per the Directive, standard CbC reporting rules will apply, including requirements from fiscal year 2016, the EUR 750 million group revenue threshold, the requirement to submit the report with…