The Government of Romania has announced the adoption of the emergency ordinance to transpose into domestic law the amendments 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 {News-2017-05-30/P/4- previously reported}, the emergency ordinance includes the standard provisions of the Directive, including a EUR 750 million group revenue threshold, CbC reportin…