Transparency International Romania and Transparency International EU urges the Romanian government to support the principle of real transparency in the application of country-by-country reporting Directive, in the context of the ongoing trialogue negotiations.
On Monday, May10th, 2021, the two organizations sent an open letter to the Prime Minister Florin Cîțu, and also to the minister of Justice and minister of Finance,
“We believe that the EU can set an important standard on corporate transparency with this proposal, but only if real country-by-country information is made public. This means disclosure of companies’ financial information for all countries of operation on a country-by-country basis. As you know, the European Commission’s proposal and the current Council’s compromise text require multinational companies to disclose disaggregated data only for EU Member States and countries on the EU list of non-cooperative jurisdictions. This element of negotiations will decide if the EU delivers real and effective transparency, or a Directive that is public country by country reporting by name but not in practice”.
Also, Transparency International Romania și Transparency International EU emphasizez in the letter that “România could be part of a group of countries in defence of real public CBCR and join Netherlands, Lithuania and Denmark in calling for global disaggregation”.
The open letter textis available below.
Letter to supportive Member States public CBCR May 2021