The House narrowly voted to pass legislation (H.R. 1187
) that would require publicly traded companies to disclose their financial reporting on a country-by-country basis.
The ESG disclosure Simplification Act of 2021 would require public companies to include in the disclosure information the “total income tax paid on a cash basis to all jurisdictions.” The legislation only narrowly passed on a very partisan vote, and confronts hurdles in the Senate, including from moderate Democrats. Nearly every House Republican voted against the bill, and four House Democrats joined the nays, with the final tally 215-214.
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