Strategizing Multinational Tax Risks

The timely and comprehensive PwC update is insightful into the various aspects of the transparency and country-by-country reporting initiatives.  Selected topics include:

• Extractive Industries Transparency Initiative (EITI)
• Dodd-Frank Wall Street Reform and Consumer Protection Act
• EU Directives on Accounting and Transparency
• EU Capital Requirements Directive (CRD IV)
• Appendices re: country-by-country reporting information requirements, EITI reporting framework, EU Accounting and Transparency Directive requirements, and EU Capital Requirements Directive IV.

Click to access pwc_tax_transparency_and-country_by_country_reporting.pdf

This guide is a valuable overview of the multiple initiatives re: transparency and country-by-country reporting.  Tax executives should use this guide in developing a conceptual tax framework for providing summary/detailed data, developing a relevant methodology for capturing such information and providing supplemental information that may be beneficial.