On 16 June 2021, the U.S. House of Representatives passed the Disclosure of Tax Havens and Offshoring Act as part of a broader package of legislation. As previously reported, the legislation introduces requirements for companies to publicly disclose basic information on their subsidiaries, as well as country-by-country financial information (i.e., the information of CbC reports already required by the IRS for groups with consolidated revenue of USD 850 million).
See the following release on …