01 September 2016 Final US country-by-country regulations: Is your company ready to report? Recently released final US country-by-country (CbC) reporting regulations mean that, for the first time, many US-based multinational enterprises will soon have to provide tax authorities with a breakdown of their allocation of profits on a global basis, the amount of taxes paid on those profits and certain other economic indicators. A short article, attached below, from the EY Center for Tax Policy, in Q&A format, offers an overview of the key elements of the CbC regulations, including who must file reports, what must be reported and when the new requirements begin. Document ID: 2016-1484 |
