15/06/2021 (Agence Europe) – On Monday 14 June, MEPs on the European Parliament’s Committee on Economic and Monetary Affairs (ECON) and Committee on Legal Affairs (JURI) approved - by 69 votes in favour, 3 against, and 2 abstentions - the agreement reached in early June (see Europe 12732/2) between the Portuguese Presidency of the EU Council and the European Parliament negotiators on the proposal for a directive to increase country-by-country reporting (CBCR). Under the agreement, companies operating in the EU with an annual turnover of more than €750 million will have to disclose country-specific tax information, such as turnover, income taxes paid, or the amount of accumulated profit. The Member States validated the agreement last week (see EUROPE 12737/20). The European Parliament will be asked to approve the EU Council’s position on first reading in a plenary session after the summer break. (MF)