U.K. Could Follow EU With Public Country-by-Country Tax Reports

The U.K. could agree to adopt public country-by-country tax reporting, but is unwilling to be the only country to do so, a senior official said.

“We broadly support country-by-country reporting but obviously we don’t think its appropriate to do it on our own,” Mike Williams, Director of Business and International Tax at HM Treasury said during a panel Thursday at the American Bar Association European conference.

Country-by-country, or CbC, reporting is one of the OECD’s tools for increasing tax transparency by asking companies to share information about the profits they made and taxes they paid in each jurisdiction in ...