On behalf of 32 civil society organizations, Eurodad has written to the European Commission protesting the Commission’s decision to hire PwC to assess the impact of proposals to require public disclosure of country-by-country reporting for banks.
In its July 1 letter, Eurodad writes that PwC has a biased opinion on the matter, as evidenced by the firm’s testimony during an OECD consultation on country-by-country reporting. At the consultation, PwC stated it was opposed to making country-by-country information public and the firm urged adoption of a more stringent confidentiality regime, Eurodad notes. Eurodad states that PwC should be replaced with an unbiased firm or the Commission should do the assessment itself. Eurodad letter
