COUNTRY-BY-COUNTRY REPORTING HAZARD FOR MNCs

摘要

Requiring large multinationals to publish sales, profit and corporate tax data by operating country has been a campaign objective of many development NGOs. The argument put is that only with more information about a group's activities can the public assess whether the group is making a 'fair' tax contribution. Public country-by-country reporting in the UK came a little closer when the government decided to accept a Finance Bill amendment put forward by Caroline Flint MP, supported by most of the members of the Public Accounts Committee. The amendment empowers the Treasury to issue regulations to require that multinationals append to their public tax strategy a country-by-country report, as defined in Action 13 Country-by-country reporting implementation, of the G20/OECD Base Erosion and Profit Shifting (BEPS) project. In accepting the amendment, financial secretary Jane Ellison affirmed the government's position that public data must be agreed on a multilateral basis.