OECD publishes 2016 aggregated country-by-country report data as part of corporate tax statistics update

On July 8, 2020, the OECD published the second edition of its Corporate Tax Statistics report, including for the first time aggregated information from country-by-country reports on the global tax and economic activities of nearly 4,000 MNEs. This information covers groups headquartered in 26 jurisdictions and operating across more than 100 jurisdictions worldwide, representing anonymised 2016 country-by-country report data.

In this Alert, we provide a brief summary of the OECD’s analysis of the aggregated CbCR information, which is heavily caveated. We also note the inclusion of information relevant to BEPS recommendations on controlled foreign company (CFC) rules and interest deduction limitations, as well as the relative importance of corporate tax in relation to total tax revenues in different regions.

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