Representatives of the European Parliament and the Council of the European Union were still hoping to reach an agreement on Tuesday 1 June on the proposed directive to increase country-by-country reporting (CBCR) (see EUROPE B12730A12).
According to our information, no real breakthrough had been achieved in the afternoon, and by 7:15 pm negotiations had broken down.
One of the controversial issues is the extent of tax transparency of accounting data for activities that EU companies with...