As tax disclosures, more specifically the country-by-country (CbC) report, approach probable reality, what is your company doing to prepare for such transformation?
- Is the CbC report being prepared with perceptive gap Q & A’s addressed?
- Who is the first / primary point of contact for a public query – How are contact details communicated for global awareness?
- Is tax aligned with corporate communications re: who is responsible for preparing, delivering, answering queries?
- Are shareholders aligned in the process, to disclose or not disclose?
- Will tax posture change, via public disclosures, as public disclosures become more common?
- What is the impact of your peer companies providing proactive disclosures?
- Is there a process to monitor tax disclosures of peer companies for review, not to be surprised.
- Is there a similar process for internal queries as a response to ever-growing tax investigations / allegations in the public?
These questions highlight the priority needed to focus upon this new trend and proactively address this new world! Â Tax authorities will be reviewing such disclosures, so multinational organisations should be also aware.
Strategizing Multinational Tax Risks 
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