On Wednesday 17 May, the Maltese Presidency of the Council of the EU is to present a new version of what could end up as the public country-by-country reporting, compiling certain accountancy data (profits, tax paid, etc.) of major European companies. This is a highly controversial dossier, both in its form (legal base) and in the substance.
A small change added by the Maltese Presidency states that businesses will be required to publish a report if its net consolidated turnover exceeded...