Will the proposals to introduce country-by-country reporting achieve their objectives?

Table of contents

• Original news
• What is the basis of this consultation?
• Do any concerns still remain following the consultation?
• How does CBC reporting for tax under CRD IV compare with/reflect the growing pressure by, and demands from, campaigners for increased transparency in tax matters?
• Is it, do you think, the result of that pressure or has it been developed independently from it?
• Do you think CBC reporting on tax matters, as set out in CRD IV, will be successful?
• Do you think it likely that CBC reporting on tax will be extended in scope and/or application (ie to non-GSIIs)?
• How should lawyers be advising their clients to prepare for the implementation of CRD IV?

Article summary

Tax analysis: What will the introduction of country-by-country (CBC) reporting requirements mean in practice? Sally Jones, corporate tax director at Deloitte, considers whether the new rules could raise any practical difficulties and what lawyers and their clients should be doing to prepare.