Country-by-country profit reporting gets closer

Freelance journalist
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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...

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