Brussels, 30/10/2014 (Agence Europe) - The European Commission feels that country-by-country reporting (CBCR) from 2015 onwards of information about bank and investment company activity would not damage their competitiveness.
The publication of information on a country-by-country basis about tax paid on profits and public subsidies received is “not expected to have a significant negative economic impact, including on competitiveness, investment, credit availability or the stability of the...