50. Calls for the introduction of country-by-country financial reporting obligations for cross-border companies, including pre- and post-tax profits, with the aim of enhancing transparency and access to relevant data for tax administrations; takes the view that, in order to ensure that all sectors and all companies are uniformly covered, the EU should introduce the principle as part of the upcoming revisions of the transparency directive and the EU accounting directives, while at the international level the Commission should exert pressure on the IASB swiftly to develop the corresponding comprehensive standard; calls once again on the Commission to report back to Parliament on the outcome of its public consultation and on its ...[+++]discussions with the IASB within the next six months;

50. Calls for the introduction of country-by-country financial reporting obligations for cross-border companies, including pre- and post-tax profits, with the aim of enhancing transparency and access to relevant data for tax administrations; takes the view that, in order to ensure that all sectors and all companies are uniformly covered, the EU should introduce the principle as part of the upcoming revisions of the transparency directive and the EU accounting directives, while at the international level the Commission should exert pressure on the IASB swiftly to develop the corresponding comprehensive standard; calls once again on the Commission to report back to Parliament on the outcome of its public consultation and on its ...[+++]discussions with the IASB within the next six months;

12. Calls for the introduction of country-by-country financial reporting obligations for cross-border companies, including pre- and post-tax profits, with the aim of enhancing transparency and access to relevant data by tax administrations. Takes the view that, in order to ensure that all sectors and all companies are uniformly covered, the EU should introduce the principle as part of the upcoming revisions of the transparency directive and the EU accounting directives, while at the international level the Commission should exert pressure on the IASB swiftly to develop the corresponding comprehensive standard. Calls once again on the Commission to report back to Parliament on the outcome of its public consultation and on its ...[+++]discussions with the IASB within the next six months.

Maybe the Commissioner understands why the benefit of discussions at this stage was not extended to all the shadow rapporteurs or at least the key shadow rapporteurs who showed interest.

For the benefit of those who might fear that I wouldn't be ready to take part in the discussions on the report and for the benefit of journalists, I explained that no one should be concerned about that.

Loyola de Palacio also highlighted the united front displayed by the Member States and the major contribution of the European Parliament: "As I have always said, the European and international processes need to advance in parallel because that is the only way of achieving satisfactory results. The European Union has spoken with one voice throughout the discussions and today we are reaping the benefit".