EU consultation on Country-by-Country Reporting

Written by  CIDSE

EU consultation on Country-by-Country Reporting
01 June 2011

Disclosure instead of hide and seek - A fair chance for the poor people of resource-rich countries: CIDSE submission to the EU consultation by DG MARKT on Country-by-Country Reporting (CBCR)

CIDSE strongly supports the adoption of common EU rules on disclosure of financial information by multinational companies (MNCs) on a country-by-country basis. This would benefit citizens in the developed and the developing world, investors and tax authorities, as well as contributing towards a strong global standard for corporate disclosure and creating a level playing field for those European companies which will be required to disclose under Section 1504 of the US Dodd-Frank Act.

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