16/12/2020 (Agence Europe) – Portugal, which is due to take over the Presidency of the EU Council on 1 January 2021, aims to reach an agreement in the EU Council on the proposal for ‘country by country reporting’ (CBCR), according to information collected by Law360 and confirmed to EUROPE, Wednesday 16 December. After having unsuccessfully asked the German Presidency to put the dossier back on the agenda of the Competitiveness Council, some MEPs wrote to the future Portuguese Presidency at the end of November asking it to give priority to this proposal over the next six months (see EUROPE 12612/10). In their view, Austria’s change of position, now in favour of this text, which would require companies to render public certain accounting data, such as their revenues, offers an opportunity to obtain the majority required for its adoption. (MF)