The Republic was defeated on the so-called country-by-country reporting proposal for multinationals with revenue over €750 million in a key vote last month that cleared the way for the law, which has been stalled by opposition since 2016. A majority of EU member states feel the “its time has come”, Ms McGuinness told the Irish Times. “The truth now is everyone has to row in behind country-by-country reporting,” she added. Commissioners are required to leave behind national positions when the joint the executive, as they represent the whole EU. “We want an agreement at OECD level,” Ms McGuinness said.

Source: The Irish Times March 18, 2021 05:37 UTC