Member State choices of the EU directive 2014/95/EU for the (consolidated) non-financial statement and their transpositions into the national laws - Germand and Sweden as examples

Resource Information

The work Member State choices of the EU directive 2014/95/EU for the (consolidated) non-financial statement and their transpositions into the national laws - Germand and Sweden as examples represents a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation. This resource is a combination of several types including: Work, Language Material, Continuing Resources.

Label

Member State choices of the EU directive 2014/95/EU for the (consolidated) non-financial statement and their transpositions into the national laws - Germand and Sweden as examples

Creator

• Höglund, M
• Kirsch, H

Subject

• disclosure
• safe harbour
• EU Directive
• domestic tax law
• accounting
• transparency
• financial statement

Language

eng

Summary

On 22 October 2014, the EU Parliament and the Council of the European Union passed Directive 2014/95/EU amending Directive 2013/34/EU as regards disclosure of non-financial and diversity information by certain large undertakings and groups. The Directive was implemented into the national laws of the EU member states. This article shows the process and the manner of that transposition process and highlights the differences in the process as it took place in Germany and Sweden. The comparison shows that Sweden obliges relatively more entities to prepare non-financial reporting. In Germany, entities which are obliged to set up a non-financial reporting have to fulfil some additional requirements which are beyond the prerequisites of the directive. Despite of this, the information in the non-financial reporting should not be underestimated for tax matters as the non-financial information contains quite a lot of information that is quite sensitive for taxation (e.g. information regarding anti-corruption and bribery matters)

Citation source

In: Skattenytt. - Uppsala. - Vol. 69 (2019), no. 4; p. 177-196

Geographic coverage

• European Union
• Europe

Language note

English