European Council calls for expanded disclosure requirements for non-financial and diversity information

Following its May 22 meeting, the European Council issued a set of Conclusions on taxation which included a call for “rapid progress” on a number of issues including a statement that “…the proposal amending the Directives on disclosure of non-financial and diversity information by large companies and groups will be examined notably with a view to ensuring country-by-country reporting by large companies and groups”.

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