A fundamental sticking-point of country-by-country reporting (CbCR) is that companies’ tax affairs could be published in the public sphere. This is causing a great deal of distress for multinationals concerned about confidentiality and competition. There is consequently a big debate about how to comply and whether companies should comply at all.
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In-house teams who want a balance of internal control and external expertise for pillar two should seriously consider co-sourcing models, Russell Gammon of Tax Systems argues
The OECD has vowed to continue working with the US despite the president effectively pulling the country out of the organisation’s global minimum tax deal
Norton Rose Fulbright highlights a Brazilian investment fund as a practical example of how new Dutch tax rules will require significant attention from foreign companies