Public disclosure of country by country reports for taxation purposes to be rejected (in German)

In its position paper, Deutsches Aktieninstitut rejects the EU Commission’s proposal for a mandatory public disclosure of tax-relevant information in form of country by country reports by multinational companies. According to Deutsches Aktieninstitut’s point of view, the EU should refrain from obliging corporates to publicly disclose such information. In order to prevent competitive disadvantages, companies should only be required to disclose country-specific information to tax authorities.