Country-by-country profit reporting gets closer

The Treasury has published its review of submissions made to its consultation on country-by-country reporting that will be required from financial institutions, mainly banks, under the EU’s Capital Requirement’s Directive (CRD).

From July 2014, under the CRD, institutions affected will be required to publish their turnover, number of employees, profits earned, taxes paid and subsidies received on a country-by-country reporting basis.

This will require companies to reveal...

Continued...

» Register now

The full article is available to registered AccountingWEB members only. To read the rest of this article you’ll need to login or register.

Registration is FREE and allows you to view all content, ask questions, comment and much more.