The OECD has announced the release of additional guidance on the implementation of Country-by-Country (CbC) reporting, as well as updates for the preferential regime reviews conducted by the Forum on Harmful Tax Practices as part of BEPS Action 5.
Additional Guidance on CbC Reporting
The additional guidance addresses two specific CbC reporting issues: the definition of total consolidated group revenue, and whether non-compliance with the confidentiality, appropriate use and consistency …