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OECD provides update on CbC reporting
08 May 2017 | Paris | Reporter: Mark Dugdale
The Organisation for Economic Co-operation and Development (OECD) has announced a fresh “wave of activations” as jurisdictions work toward the implementation of country-by-country reporting to tackle base erosion and profit shifting.

More than 700 automatic exchange relationships have now been established among jurisdictions committed to exchanging country-by-country reports in the 2018, including EU member states.

Fifty-seven countries have committed to country-by-country reporting, under three agreement models designed for jurisdictions to mutually agree the scope of the automatic exchange of information.

The BEPS Action 13 report laid out the template for multinational enterprises to report annually and for each tax jurisdiction in which they do business.

The OECD said in a statement: “Today's wave of activations of country-by-country reporting exchange relationships is an important step towards the timely implementation of country-by-country reporting and reflects the commitment of jurisdictions around the world to the fight against base erosion and profit shifting.”



XL Catlin appoints Steve Bauman
Steve Bauman has joined XL Catlin as head of global programmes and the captive practice in North Ame Read more

New general counsel for California insurance department
The California insurance commissioner Dave Jones has appointed Ken Schnoll as general counsel for th Read more

A.M. Best affirms NextEra Energy captive
A.M. Best has affirmed the financial strength rating of “A (Excellent)” and the long-term issuer Read more

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Peter Allen joins Moore Stephens from Grant Thornton
Allen joined the company from Grant Thornton Singapore where he served as CEO and senior adviser Read more

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