Is EU wide country-by-country reporting really on its way?

Posted on May 23 2013

I sat and listened to Big 4 accountants saying how dangerous and misleading country-by-country reporting would be this afternoon - although I can't say where.

Tonight the EU has announced it is looking at ways o rush through legislation to deliver it, maybe next month.

I'm not counting chickens - not least because even the recent banking standard was not quite good enough.

But I have to say that to get to this point just over ten years after creating the idea is a cause of a little personal satisfaction tonight.

I might have a small glass of something with supper when I finally get home.

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4 Responses

  1. Douglas Hamer says:
    May 23 2013 at 9:26 pm

    You definitely have something to be proud of Richard!

  2. Chris Macey says:
    May 24 2013 at 9:56 am

    If I was a Big 4 accountant I would be delighted – lots more new work!

  3. Tom Morton says:
    May 24 2013 at 9:22 pm

    Well done Richard. Don’t agree with your personal invective at times — but well done for your persistence.

    I just hope that the Labour Government which you so earnestly wish for will not be a disappointment….. and I for one anticipate with resignation a splurge followed by “there’s no money left”‘ like last time.

    The problem with Keynesian economics is that the counter cyclical argument (which certainly holds water logically) tends to fall down, because it operates asymmetrically — spending money (especially someone else’s) is relatively easy in the down turn — it’s the austerity in the upturn which is the tricky bit. Has anyone ever managed this?