{"id":69524,"date":"2023-04-28T07:52:08","date_gmt":"2023-04-28T06:52:08","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=69524"},"modified":"2023-04-28T07:52:08","modified_gmt":"2023-04-28T06:52:08","slug":"country-by-country-reporting-to-go-public-in-australia-will-the-world-now-follow-in-its-path","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2023\/04\/28\/country-by-country-reporting-to-go-public-in-australia-will-the-world-now-follow-in-its-path\/","title":{"rendered":"Country-by-country reporting to go public in Australia. Will the world now follow in its path?"},"content":{"rendered":"

I wrote the first version of country-by-country reporting for multinational corporations that are public interest entities in 2003. That can be found here<\/a>.<\/p>\n

Now Australia plans to introduce a full version of mandatory public country-by-country reporting for its companies of this type. It will be the first country in. the world to do so on such a comprehensive basis (although I note that opt-outs are still possible, and I have lodged an objection to these, as I know others have). To date, there have been limited versions in the EU and much more comprehensive versions for tax, but Australia is pushing beyond that.<\/p>\n

The Australian consultation<\/a> is here.<\/p>\n

The requirement is that companies publish:<\/p>\n

\"\" \"\"<\/p>\n

This is almost uncannily like my original suggestion. It has taken 20 years but it is good to see country-by-country reporting finally getting the full light of day. I hope more countries follow.<\/p>\n

With this data we can hold multinational corporations to account for their actions worldwide, including in tax havens, and that is exactly what I\u00a0always intended.<\/p>\n","protected":false},"excerpt":{"rendered":"

I wrote the first version of country-by-country reporting for multinational corporations that are public interest entities in 2003. That can be found here. Now Australia
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