Impact of Country-By-Country Reporting on Multinational Enterprises -

Perhaps the most challenging component of the Base Erosion and Profit Shifting (BEPS) initiative adopted by the OECD and G20 countries, Action 13 (Country-byCountry Reporting), represents a fundamental change to the landscape of international tax and transfer pricing for large multinational enterprises (MNEs).

Country-by-Country Reporting (CbCR) provides a template for MNEs to annually report certain tax information with respect to their business in each tax jurisdiction in which they operate. CbCR aims to create a network of real-time sharing and access to taxpayer's data and information in what potentially could be a new era of tax transparency.