CbC reporting and Central bank: Difference between pages

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''Tax''.
(CB).


'CbC' means 'country-by-country' reporting in relation to tax.
A bank which acts as the bank for a government and the other banks in a country or economic area.  


Central banks are sometimes known as 'reserve' banks.


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.
The central bank in the UK is the Bank of England.  


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.
In the euro area (informally the Eurozone or [[Euro zone]]), it is the European Central Bank.  


In the United States, it is the [[Federal Reserve System]].


"HMRC thinks [CbC reporting] will influence behaviour and not just disclosure."
In Australia, it is the Reserve Bank of Australia.


''Paul Johns, director treasury and tax, ISG plc.''


== See also ==
* [[Bank of England]]
* [[Bank for International Settlements]]
* [[Bank supervision]]
* [[Banque de France]]
* [[Bundesbank]]
* [[CBE]]
* [[CBN]]
* [[Central bank digital currency]]  (CBDC)
* [[Central bank independence]]
* [[Central bank money]]
* [[Central Bank of the Republic of China]]
* [[Central bank public goods]]
* [[Central bank reporting]]
* [[Central bank reserves]]
* [[De Nederlandsche Bank]]
* [[Digital public money]]
* [[Direct participant in an IFTS]]
* [[euro zone]]
* [[European Central Bank]]  (ECB)
* [[Eurosystem]]
* [[Federal Reserve Bank]]
* [[Federal Reserve System]]
* [[Hong Kong Monetary Authority]]
* [[Institute of International Finance]]
* [[Lender of last resort]]
* [[Market maker of last resort]]
* [[Monetary authority]]
* [[Monetary Authority of Singapore]]
* [[Oversight of payment systems]]
* [[PBOC]]
* [[Quantitative easing ]]
* [[RBI]]
* [[Reserve Bank of Australia]]  (RBA)
* [[Reserves]]
* [[Reserves account]]
* [[Reserve currency]]
* [[Riksbank]]
* [[Swiss National Bank]]
* [[World Bank]]


==See also==
[[Category:Long_term_funding]]
* [[Base erosion and profit shifting]]
* [[Common Consolidated Corporate Tax Base]]
* [[Corporation Tax]]
* [[Diverted profits tax]]
* [[Double taxation]]
* [[Fixed ratio method]]
* [[HMRC]]
* [[Multinational corporation/company]]
* [[Tax avoidance]]
* [[Transfer pricing]]
* [[Worldwide interest cap]]
 
 
===Other links===
 
*[[Media:BEPS_report_2013.pdf|OECD Action Plan on Base Erosion and Profit Shifting 2013]]
*[[Media:2015_10_Oct_-_Walk_the_line.pdf| Walk the line, The Treasurer, 2015]]
 
[[Category:Accounting,_tax_and_regulation]]

Revision as of 14:58, 27 September 2022

(CB).

A bank which acts as the bank for a government and the other banks in a country or economic area.

Central banks are sometimes known as 'reserve' banks.


The central bank in the UK is the Bank of England.

In the euro area (informally the Eurozone or Euro zone), it is the European Central Bank.

In the United States, it is the Federal Reserve System.

In Australia, it is the Reserve Bank of Australia.


See also

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