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UK Parliament Fails to Pass Bill Requiring Public Disclosure of CbC Reports

|Approved Changes|United Kingdom
United Kingdom

On 28 June 2016, a proposed bill to require public disclosure of Country-by-Country reports was narrowly defeated in the UK parliament with a vote of 295 to 273. The bill would have amended the pending Finance Bill 2016 to require the publishing of a CbC report along with the new public tax strategy disclosure. Although the public bill for public CbC reports was defeated, the tax strategy disclosure requirements will still apply ({News-2016-06-29/A/4- previous coverage}).

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