Episode 01-2023 | Country-by-country reporting (CbCR)—it’s the gift that keeps on giving. And while we’ve been speaking about developments such as public CbCR for some time, Romania’s unexpected early adoption (i.e., effective now) has many multinationals scrambling. On top of that, the OECD has announced a CbCR-based safe harbor, a transition rule that applies for calendar year taxpayers starting in 2024.
If you are…surprised…you aren’t alone. Doug Poms, John DerOhanesian, and Federica Porcari, all from the International Tax group in the KPMG Washington National Tax practice, sit down with Kimberly Majure and Kortney Wallace to discuss.