Comments on: Country-by-country reporting to affect only 10% of multinationals https://www.euractiv.com/section/euro-finance/news/country-by-country-reporting-to-affect-only-10-of-multinationals/ EU news and policy debates across languages Mon, 06 Aug 2018 15:10:56 +0000 hourly 1 https://wordpress.org/?v=4.9.5 By: samantha.agro https://www.euractiv.com/section/euro-finance/news/country-by-country-reporting-to-affect-only-10-of-multinationals/#comment-311209 Wed, 18 May 2016 17:02:04 +0000 http://www.euractiv.fr/?post_type=news&p=284107#comment-311209 YOU WROTE
But as things stand, it will leave the vast majority of multinational companies unaffected. At €750 million turnover per year, the reporting system’s high threshold would exclude some 85-90°% of multinationals, as this OECD document shows.

BUT IN THE OECD DOCUMENT IT ALSO ADDS …… but that the CbC Report will nevertheless be filed by MNE groups controlling approximately 90 percent of corporate revenues. The prescribed exemption threshold therefore represents an appropriate balancing of reporting burden and benefit

THIS IS THE FULL TEXT OF THE PARAGRAPH FROM THE OECD DOCUMENT
10. It is believed that the exemption described in paragraph 9, which provides a threshold of €750 million, will exclude approximately 85 to 90 percent of MNE groups from the requirement to file the CbC but that the CbC Report will nevertheless be filed by MNE groups controlling approximately 90 percent of corporate revenues. The prescribed exemption threshold therefore represents an appropriate balancing of reporting burden and benefit

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By: Simon Campbell https://www.euractiv.com/section/euro-finance/news/country-by-country-reporting-to-affect-only-10-of-multinationals/#comment-311096 Sat, 14 May 2016 14:45:10 +0000 http://www.euractiv.fr/?post_type=news&p=284107#comment-311096 Once again the Conservatives and Liberals are undermining the Union by confirming the perception that the EU only consists of bureaucrats who only cares about serving multinational companies. These people have a lot on their conscious.

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