Public CbCR: Shaping the Organization’s Workforce Story

Country-by-country reporting emerged as a response to the growing public demand for more transparency and fairness in the international tax system. To address those concerns, the Organization for Economic Co-operation and Development (OECD), in collaboration with the G20 and other stakeholders, launched the Base Erosion and Profit Shifting (BEPS) project, with the goal of reforming the international tax rules and to curb the practices that allow multinational enterprises (MNEs) to shift their profits to low-tax or no-tax jurisdictions. The BEPS project introduced a new reporting standard to enhance transparency for large MNEs, generally defined as companies with EUR 750 million ...