After several years of negotiations, the European Council and European Parliament have reached political agreement on disclosure by multinational companies of the tax they pay in each country.
The European Insurance and Occupational Pensions Authority (EIOPA) has published its first public working draft of the PEPP KID DPM and XBRL taxonomy, with outline reporting requirements. So what does all that mean? – let’s untangle the acronyms!
The European Commission has published the results of its 2018 ‘fitness check’ assessment of public reporting by EU companies.
Reporting standards tend to be hypothetical and without redress and enforcement consequences for misstatements.
There is, as yet, no easy way to find European Single Electronic Format (ESEF) submissions and the valuable information they contain – although progress towards the European Single Access Portal (ESAP) is likely to change that over time. So XBRL US has started a collection point of its own to help data consumers access the filings.
Interested in the European Single Electronic Format (ESEF)? If so, you’ll want to keep 27-29 April free. XBRL Europe, in collaboration with some of the European XBRL jurisdictions, is organising a series of short online events dubbed the ‘27th XBRL Europe digital week on ESEF.’
Looking for an early take on what lessons have been learnt so far from the first reports using the European Single Electronic Format (ESEF)?
Grinding along in the background since 2016 have been a range of measures that seek to use disclosure mechanisms to rebalance various tax arrangements. This week the European Council has approved proposed measures to enhance corporate transparency of big multinational companies, as part of its action plan on reforms to the international corporate tax system.
As the first financial reports produced using the European Single Electronic Format (ESEF) are filed across Europe, we’ve been taking a little tour of the continent to find out how early implementation is unfolding – and this week we’re in Sweden.
This week has seen several substantial news items from Europe on sustainability and Environmental, Social and Governance (ESG) reporting, so we’re bringing you a roundup here.
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XBRL International is a global not for profit operating in the public interest. Our purpose is to improve the accountability and transparency of business performance globally, by providing the open data exchange standard for business reporting.
