Country-by-Country Tax Reporting: Nearly 20 Years in the Making

The evolution of international tax transparency is inevitable.

Unilateral legislative attempts have almost cleared the tax transparency high jump, for which the bar continues to be lowered over time.

Right in the middle of that evolution is the Country-by-Country Reporting standard.

The standard is a tabular form, or report, put out by a multinational enterprise disclosing tax-related information—including financial data. The report is meant to provide additional context into a company’s jurisdictional operations around the world, as well as information about the MNEs corporate social responsibility, tax and investment risk, and added value.

Nearly 20 years after the CbCR standard ...