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Country-by-country reporting gathers steam

April 14, 2010

A controversial system of global profit reporting is gaining support as the European Commission is asked to examine how country-by-country reporting could become the norm in Europe.

The report known as the Guerrero Report after the author, Enrique Guerrero Salom, who is a member of the Group of the Progressive Alliance of Socialists and Democrats in the European Parliament, looks at the effects of the global financial and economic crisis on developing countries and on development cooperation.

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