The legal services of the Council of the EU have truly set the cat among the pigeons regarding the proposed "country-by-country reporting", which would require companies to publish certain accounting information such as their turnover, profits, tax paid, etc. On Monday 14 November, Council's lawyers issued an opinion of which EUROPE has seen, stating that the legal basis suggested for this proposal was incorrect and that the proposal had to be reworked on the basis of article 115 of the...