Fabian Demicoli

Commission consultation on the potential economic consequences of CBCR under Directive 2013/36/EU

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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