OECD is on to Country-by-Country reporting

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The OECD held a press conference on Friday after holding its Forum on Tax Administration Meeting.

Dave Hartnett represented the UK. Asked about country-by-country reporting he said (near enough):

Not so much [discussed] at this meeting - though it has been discussed in the OECD. Growing recognition that country-by-country reporting brings additional transparency - particularly regarding how TNCs operate in emerging and developing economies.An idea which is gathering momentum and which we will, imagine, discuss more.

Good news.

It has to be part of the tax administrator's armoury.