This is the fifth of a regular series of short videos highlighting key issues and developments in the transfer pricing field.
‘Private’ (by which we mean submission to and sharing between tax authorities only) Country-by-Country Reporting (“CbCR”), as recommended by the OECD, has been around since 2016 and has largely become the norm for large multinational groups. We are now entering a new phase where this information may become public. In this discussion we talk through how we have got here, what the proposals could mean and what we recommend people should be doing.
Dan Pybus, PwC UK Transfer Pricing Director, gets the views of Martin Kennedy, PwC UK Transfer Pricing CbCR Leader.