{"id":32147,"date":"2016-01-28T07:53:10","date_gmt":"2016-01-28T07:53:10","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=32147"},"modified":"2016-01-28T07:53:10","modified_gmt":"2016-01-28T07:53:10","slug":"31-countries-sign-up-to-country-by-country-reporting","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2016\/01\/28\/31-countries-sign-up-to-country-by-country-reporting\/","title":{"rendered":"31 countries sign up to country-by-country reporting"},"content":{"rendered":"<p>This<a href=\"http:\/\/www.oecd.org\/ctp\/exchange-of-tax-information\/a-boost-to-transparency-in-international-tax-matters-31-countries-sign-tax-co-operation-agreement.htm\" target=\"_blank\"> press release came from the OECD late yesterday<\/a>:<\/p>\n<blockquote><p>27\/01\/2016 - As part of continuing efforts to boost transparency by multinational enterprises (MNEs), 31 countries signed today the Multilateral Competent Authority Agreement (MCAA) for the automatic exchange of Country-by-Country reports. The signing ceremony marks an important milestone towards implementation of the OECD\/G20 BEPS Project and a significant increase in cross-border co-operation on tax matters.<\/p>\n<p>The MCAA will enable consistent and swift implementation of new transfer pricing reporting standards developed under Action 13 of the BEPS Action Plan. It will ensure that tax administrations obtain a complete understanding of the way MNEs structure their operations, while also ensuring that the confidentiality of such information is safeguarded.<\/p>\n<p>\u201cCountry-by-Country reporting will have an immediate impact in boosting international co-operation on tax issues, by enhancing the transparency of multinational enterprises\u2019 operations,\u201d said OECD Secretary-General Angel Gurr\u00c3\u00ada. \u201cUnder this multilateral agreement, information will be exchanged between tax administrations, giving them a single, global picture on the key indicators of multinational businesses. This is a much-needed tool towards the goal of ensuring that companies pay their fair share of tax, and would not have been possible without the BEPS Project.\u201d<\/p><\/blockquote>\n<p>I agree with the fact that this is a much needed tool. But I am biased on the issue: my idea now has official international support.<\/p>\n<p>And I agree that this will help enforce company taxation.<\/p>\n<p>I also agree it is only possible because of BEPS.<\/p>\n<p>But, this is also only a step. The global tax system is broken. Country-by-country reporting data can be the basis for a unitary taxation system. That is what we really need. But it is opposed by the UK, <a href=\"http:\/\/www.taxresearch.org.uk\/Blog\/2016\/01\/28\/googles-unfair-tax-is-actively-supported-by-the-uk-government\/\">as I note here<\/a>.<\/p>\n<p>The question has to be, why?<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This press release came from the OECD late yesterday: 27\/01\/2016 &#8211; As part of continuing efforts to boost transparency by multinational enterprises (MNEs), 31 countries<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2016\/01\/28\/31-countries-sign-up-to-country-by-country-reporting\/\"><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":[64,79,35,10,97,102],"tags":[],"class_list":["post-32147","post","type-post","status-publish","format-standard","hentry","category-corporation-tax","category-country-by-country","category-economics","category-tax-avoidance","category-tax-justice","category-unitary-taxation"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/32147","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=32147"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/32147\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=32147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=32147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=32147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}