The European Commission services have launched a consultation on the
potential economic consequences of country-by-country reporting (CBCR) under Directive 2013/36/EU (Capital Requirements Directive IV).
The purpose of this
consultation is to collect information and obtain input from all interested
stakeholders on the potential economic consequences of public disclosure by
banks and investment firms, on a country-by-country basis, of their profit and
loss before tax, tax on profit or loss and public subsidies received. These new
tax reporting rules are foreseen in Directive 2013/36/EU, together with the
obligation for the Commission to prepare a report on this matter which it
should present to the European Parliament and the Council by 31 December
2014. The consultation will run until
12 September 2014
and its responses will be taken into account in the preparation of the report.
This consultation can be accessed at:
http://ec.europa.eu/internal_market/consultations/2014/country-by-country-crd4/index_en.htm
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The Malta Chamber of SMEs represents over 7,000 members from over 90 different sectors which in their majority are either small or medium sized companies, and such issues like the one we're experiencing right now, it's important to be united. Malta Chamber of SMEs offers a number of different services tailored to its members' individual requirements' and necessities. These range from general services offered to all members to more individual & bespoke services catered for specific requirements.
A membership with Malta Chamber of SMEs will guarantee that you are constantly updated and informed with different opportunities which will directly benefit your business and help you grow. It also entails you to a number of services which in their majority are free of charge and offered exclusively to its members (in their majority all free of charge).
