{"id":24056,"date":"2014-02-18T07:53:44","date_gmt":"2014-02-18T07:53:44","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=24056"},"modified":"2014-02-18T07:53:44","modified_gmt":"2014-02-18T07:53:44","slug":"hmrc-raises-objections-to-country-by-country-reporting-that-is-designed-to-stop-tax-abuse","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2014\/02\/18\/hmrc-raises-objections-to-country-by-country-reporting-that-is-designed-to-stop-tax-abuse\/","title":{"rendered":"HMRC raises objections to country-by-country reporting that is designed to stop tax abuse"},"content":{"rendered":"<p>Last year David Cameron supposedly spearheaded international demands for\u00a0country-by-country reporting. In 2014 the UK has forgotten that commitment. In the latest edition of <a href=\"http:\/\/services.taxanalysts.com\/taxbase\/tnimag.nsf\/(ME\/73+TNI+589-2?OpenDocument&amp;Login\" target=\"_blank\">Tax Analysts (behind a paywall) Lee Sheppard reports that<\/a>:<\/p>\n<blockquote><p>The OECD's recently released draft country-by-country reporting standards\u00a0are beyond what governments need for transfer pricing risk assessment, Peter Steeds of HM Revenue &amp; Customs said February 10 in London. Action 13 of the OECD base erosion and profit-shifting action plan merely calls for an aerial view of worldwide multinational group structure, he said.<\/p><\/blockquote>\n<p>The OECD plan calls for data to be supplied on the most sensitive of group transactions as well as the barest minimum of details that might be termed\u00a0country-by-country reporting. The intention is obvious; the aim is to identify tax risk at the first possible opportunity, and the UK is objecting to that.<\/p>\n<p>I always suspected that the UK's commitment to\u00a0country-by-country reporting was at best skin deep since the Treasury has always appeared to side with the tax abuser on this issue. Now we know it is.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Last year David Cameron supposedly spearheaded international demands for\u00a0country-by-country reporting. In 2014 the UK has forgotten that commitment. In the latest edition of Tax Analysts<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2014\/02\/18\/hmrc-raises-objections-to-country-by-country-reporting-that-is-designed-to-stop-tax-abuse\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[79,107],"tags":[],"class_list":["post-24056","post","type-post","status-publish","format-standard","hentry","category-country-by-country","category-hmrc"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/24056","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=24056"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/24056\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=24056"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=24056"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=24056"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}