In the end, there was no vote during the Competitiveness Council on Thursday, 28 November, on the proposal on country-by-country reporting (CBCR), which would require companies to publicly disclose certain accounting data such as their turnover.
In fact, 12 Member States have publicly declared their opposition to the text. Therefore, the required qualified majority could not be achieved to the nearest Member State.
Nevertheless, for the Finnish Presidency of the Council of the EU, this...