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Europe Daily Bulletin No. 11403

6 October 2015
Contents Publication in full By article 18 / 40
ECONOMY - FINANCE / (ae) taxation
OECD advises EU against opting for total transparency of data “country by country”

Luxembourg, 05/10/2015 (Agence Europe) - On Monday 5 October, the OECD highlighted the “serious problems” that would be caused by public 'country-by-country' reporting, which would oblige multinationals to provide certain information, such as annual turnover or tax paid for each of the tax jurisdictions where it is active.

The OECD published on the same day its action plan to tackle base erosion and profit shifting ('BEPS'). Action 13 of 'BEPS' provides for the automatic reporting of...

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