Conflict of interest at heart of country-by-country reporting

For the past few years there has been a silent war raging within the EU.

The battleground is the country-by-country reporting legislation (CBCR) which, according to specialists, will bring transparency and a level playing field to the European business arena.

The collateral damage of this war seems to have been European small and medium enterprises - whose interests are represented in Brussels by the very group that also represents the interests of the biggest multinationals.