Transposition of EU Directives into national laws: Environmental Liability and Non-Financial Reporting
National legislation implementing European directives takes time, on average two to three years, but is now in place for the Environmental Liability Directive (ELD) and Non-Financial Reporting Directive (NFR). Discover the national laws.
Country by Country Reporting & the “Paradise Papers”
A general trend for corporate transparency gained a new momentum in November with the revelations of the “Paradise Papers”, an investigation of tax files from offshore jurisdictions. They give fresh impetus to the Country by Country Reporting proposals and the EU common list of problematic tax jurisdictions. For multinationals, says FERMA, these are not just matters of compliance but also reputation.