What Is Country by Country Reporting? (Part 1)

What if you could peer into the inner metrics of a multinational enterprise and compare the level and location of profits, sales, employees, assets, and the income tax paid across the group around the world? How would that information be used, and what might it tell you?

Country-by-country (CbyC) reporting was developed in an effort to increase the transparency of multinational enterprises' global operations and economic footprint as part of the OECD's Inclusive Framework of Base Erosion and Profit Shifting. Transparency and coordination have been reoccurring themes when it comes to developments related to transfer pricing, and this is no exception.

Our host Brittany Hardin Tanguay speaks with John DerOhanesian, International Tax Managing Director with the KPMG Washington National Tax group, about the origins and trends in country-by-country reporting.