CbC reporting: Difference between revisions
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Taking the UK as an example, where CbC reporting has been implemented with effect from 2016 | Taking the UK as an example, where CbC reporting has been implemented with effect from 2016: | ||
UK CbC reporting applies to all UK-headquartered multinationals and UK subsidiaries of foreign-owned multinationals. | UK CbC reporting applies to all UK-headquartered multinationals and UK subsidiaries of foreign-owned multinationals. | ||
| Line 18: | Line 18: | ||
==See also== | ==See also== | ||
* [[Base erosion and profit shifting]] | * [[Base erosion and profit shifting]] | ||
* [[ | * [[Business in Europe: Framework for Income Taxation]] | ||
* [[Corporation Tax]] | * [[Corporation Tax]] | ||
* [[Diverted profits tax]] | * [[Diverted profits tax]] | ||
* [[Fixed | * [[Double taxation]] | ||
* [[HMRC]] | * [[Fixed ratio method]] | ||
* [[His Majesty's Revenue & Customs]] (HMRC) | |||
*[[Internal Revenue Service]] (IRS) | |||
* [[Multinational corporation/company]] | * [[Multinational corporation/company]] | ||
* [[Tax avoidance]] | * [[Tax avoidance]] | ||
* [[Transfer pricing]] | * [[Transfer pricing]] | ||
* [[ | * [[Worldwide interest cap]] | ||
==Other resource== | |||
*[[Media:2015_10_Oct_-_Walk_the_line.pdf| Walk the line, The Treasurer, 2015]] | *[[Media:2015_10_Oct_-_Walk_the_line.pdf| Walk the line, The Treasurer, 2015]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
Latest revision as of 04:22, 8 February 2024
Tax.
'CbC' means 'country-by-country' reporting in relation to tax.
Taking the UK as an example, where CbC reporting has been implemented with effect from 2016:
UK CbC reporting applies to all UK-headquartered multinationals and UK subsidiaries of foreign-owned multinationals.
These companies are required to provide the UK tax authorities (HMRC) with information about their global activities, profits and taxes annually for each tax jurisdiction in which they do business.
"HMRC thinks [CbC reporting] will influence behaviour and not just disclosure."
Paul Johns, director treasury and tax, ISG plc.
See also
- Base erosion and profit shifting
- Business in Europe: Framework for Income Taxation
- Corporation Tax
- Diverted profits tax
- Double taxation
- Fixed ratio method
- His Majesty's Revenue & Customs (HMRC)
- Internal Revenue Service (IRS)
- Multinational corporation/company
- Tax avoidance
- Transfer pricing
- Worldwide interest cap
