Oguttu, Annet Wanyana
Curtailing BEPS through enforcing corporate transparency the challenges of implementing country-by-country reporting in developing countries and the case for making public country-by-country reporting mandatory Electrónico / Annet Wanyana Oguttu .-- , 2020
Disponible únicamente en formato electrónico.
Resumen.
Ensuring corporate transparency is essential in a globalized economy to prevent tax base erosion and profit shifting (BEPS). This article explains several corporate transparency initiatives by international bodies that are currently spearheaded by the OECD. Under Action 13 of its BEPS Project, the OECD recommended that multinational enterprises must comply with a globalized three-tier documentation structure, which includes country-by-country (CbC) reporting. At the domestic level, countries that are part of the OECD Inclusive Framework are expected to implement certain provisions to enable CbC reporting and to undergo a Peer Review of the same by the end of 2020. This article addresses three related matters that relevant to ensure the effectiveness of CbC reporting from a developing country perspective. First, the article recognizes that although the OECD has issued reports and guidelines on CbC reporting, the capacity constraints of developing countries often make it difficult for them to engage constructively with those reports.
SOCIEDADES
EMPRESAS MULTINACIONALES
IMPUESTOS
INFORMES PAÍS POR PAÍS
PAISES EN DESARROLLO
World Tax Journal v. 12, n. 1, 2020
Curtailing BEPS through enforcing corporate transparency the challenges of implementing country-by-country reporting in developing countries and the case for making public country-by-country reporting mandatory Electrónico / Annet Wanyana Oguttu .-- , 2020
Disponible únicamente en formato electrónico.
Resumen.
Ensuring corporate transparency is essential in a globalized economy to prevent tax base erosion and profit shifting (BEPS). This article explains several corporate transparency initiatives by international bodies that are currently spearheaded by the OECD. Under Action 13 of its BEPS Project, the OECD recommended that multinational enterprises must comply with a globalized three-tier documentation structure, which includes country-by-country (CbC) reporting. At the domestic level, countries that are part of the OECD Inclusive Framework are expected to implement certain provisions to enable CbC reporting and to undergo a Peer Review of the same by the end of 2020. This article addresses three related matters that relevant to ensure the effectiveness of CbC reporting from a developing country perspective. First, the article recognizes that although the OECD has issued reports and guidelines on CbC reporting, the capacity constraints of developing countries often make it difficult for them to engage constructively with those reports.
SOCIEDADES
EMPRESAS MULTINACIONALES
IMPUESTOS
INFORMES PAÍS POR PAÍS
PAISES EN DESARROLLO
World Tax Journal v. 12, n. 1, 2020