The ‘public’ country by country reporting (CbCR) proposal that was initially put forward by the European Commission in April 2016 would require multinational groups headquartered in the EU with total consolidated group revenue of at least €750m to publicly disclose income taxes paid in each member state as well as other tax-related information. It is also intended to be applied to non-EU headquartered companies exceeding the threshold above where their EU presence includes either medium-sized or large subsidiaries (as defined in Directive 2013/34/EU on the annual financial statements consolidated financial statements and related reports of certain types of undertakings) or branches that meet certain criteria in terms of net turnover.
The proposal builds on the current CbCR under Action 13 of the...
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The ‘public’ country by country reporting (CbCR) proposal that was initially put forward by the European Commission in April 2016 would require multinational groups headquartered in the EU with total consolidated group revenue of at least €750m to publicly disclose income taxes paid in each member state as well as other tax-related information. It is also intended to be applied to non-EU headquartered companies exceeding the threshold above where their EU presence includes either medium-sized or large subsidiaries (as defined in Directive 2013/34/EU on the annual financial statements consolidated financial statements and related reports of certain types of undertakings) or branches that meet certain criteria in terms of net turnover.
The proposal builds on the current CbCR under Action 13 of the...
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If you do not subscribe but are a registered user, please enter your details in the following boxes: