TaxCorporate TaxCountry-by-country tax reporting gains favour

Country-by-country tax reporting gains favour

UK gets behind measure to curb international tax avoidance

The UK has supported a push for global tax administrations to adopt
country-by-country reporting in an effort to stem tax avoidance.

The measure would result in multinationals companies needing to reveal how
much tax is paid in each subsidiary operated in, according to
guardian.co.uk

Stephen Timms, the financial secretary to the treasury, is scheduled to
promote the move to fellow G20 leaders at a meeting in Berlin next week.

‘It has been a closed door until now,’ he said.

David McNair, senior economic adviser at Christian Aid, said
country-by-country reporting is a vehicle through which developing countries can
better tax evasion.

Further Reading:

HMRC
tightens tax rules for non-residents

Tax
haven finance chief slams ‘impotent’ OECD

Related Articles

Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

Corporate Tax Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

2m Alia Shoaib, Reporter
EU divided over radical tax reforms targeting tech giants

Corporate Tax EU divided over radical tax reforms targeting tech giants

2m Alia Shoaib, Reporter
How to educate your clients about tax avoidance

Corporate Tax How to educate your clients about tax avoidance

3m Clear Books | Sponsored
CGT clampdown nets HMRC £124m – but could lead to increase in use of avoidance schemes

Corporate Tax CGT clampdown nets HMRC £124m – but could lead to increase in use of avoidance schemes

3m Austin Clark, Reporter
‘Google tax’ nets HMRC £281m

Corporate Tax ‘Google tax’ nets HMRC £281m

3m Emma Smith, Managing Editor
Autumn Statement: Investment and tax avoidance highlighted in Hammond's speech

Corporate Tax Autumn Statement: Investment and tax avoidance highlighted in Hammond's speech

1y Kevin Reed, Writer
Colin: Tell them about the money, mummy

Business Regulation Colin: Tell them about the money, mummy

1y Taking Stock
Five key tax and business burdens the chancellor must ease in Autumn Statement

Business Regulation Five key tax and business burdens the chancellor must ease in Autumn Statement

1y Kevin Reed, Writer