Following the OECD meeting in Paris last week, Bill Dodwell and Alison Lobb examine the challenges in implementing country by country reporting and its proposed common template.
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For some years a rallying call for NGOs campaigning in the tax arena has been for business to adopt ‘country by country’ reporting.
By this the NGOs mean that the multinationals should publish accounts by country including corporate tax payments and other detail.
The CBI has said it does not support this type of reporting which it considers would offer data rather than information – and be costly to produce.
However governments and their tax authorities have considered that some form of high-level country by country reporting to tax authorities...
