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U.S. Treasury Proposes Country-by-Country Tax Reporting

Tammy Whitehouse | January 7, 2016

The U.S. Treasury Department has issued proposed regulations that would establish U.S. reporting requirements for multinational companies regarding their tax obligations in other countries.

The proposed regulations would require the ultimate parent entity of multinational enterprises to report to Treasury annually on a country-by-country basis. Companies would be required to provide information related to the multinational entity’s income and taxes paid in each tax jurisdiction along with certain indicators of the location of economic activity within the group. The information would be shared with other countries under an information exchange agreement.

Treasury is proposing the new reporting as part of the...

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