An opportunity to introduce improved methods for group reporting
In 2013 OECD and G20 countries adopted a common action plan on Base Erosion and Profit Shifting (BEPS) that identified 15 actions to combat profit shifting.
Country-by-Country Reporting (CbCR) is part of the OECD's Action Item 13. In short, large multinationals must provide an annual report that breaks down key elements of the financial statements by jurisdiction.
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