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Treasury finalizes new country-by-country reporting rules

Tammy Whitehouse | June 29, 2016

The U.S. Treasury has issued final regulations requiring multinational companies to provide country-by-country reporting that will enable tax authorities around the world to compare notes on corporate taxpayers.

The regulations will not be considered “published” until they appear in the Federal Register, but tax experts say Treasury was looking to get the final regulations out by the end of June to somewhat coordinate filing deadlines with requirements in other countries. The filing requirement will apply to the ultimate parent entity of a multinational enterprise group with revenues of $850 million.

Treasury proposed the regulations in December to conform U.S. tax policy with the Organisation for Economic Co-operation and Development’s...

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