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U.S. Treasury Regulations Require Multinational Enterprise’s Provide Country By Country Reporting. What Is CbC? | TaxConnections U.S. Treasury Regulations Require Multinational Enterprise's Provide Country By Country Reporting. What Is CbC?
In recent years, tax authorities across the globe have adopted a number of OECD-led initiatives aimed at curbing the ability of multinational enterprises to engage in so-called Base Erosion and Profit Shifting (BEPS) (i.e., the artificial shifting of profits, for tax purposes, to low or no-tax jurisdictions). The OECD has achieved considerable buy-in from tax authorities, touting U.S. Treasury Regulations Require Multinational Enterprise's Provide Country By Country Reporting. What Is CbC?