On August 28, TEI submitted comments regarding the European Commission’s draft implementing regulation for the commission’s public country-by-country (CbC) reporting directive.
TEI’s comments focused on the need to clarify the scope and purpose of the information included in the public CbC reports for consistency across European Union member states in implementing the regulation and to use an XML schema instead of XBRL.
TEI’s comments were prepared under the aegis of its EMEA Direct Tax Committee. Benjamin R. Shreck, TEI tax counsel, coordinated the preparation of TEI’s comments. Read the comments here.
