Multinational companies do not publicly report on where they are making their money or what taxes they are paying to whom. Investors, policymakers, and citizens have no idea exactly how they are gaming the system—what they tell us versus what they tell other countries. They should have to write it down in one place and report it on a country-by-country basis, so that the public, policymakers, and shareholders can see what they are really paying.
The FACT Coalition sent a letter to Congress opposing any offshore corporate tax giveaways in a COVID-19 emergency response package and calling for country-by-country tax transparency as a prerequisite for any potential tax breaks or bailouts.
WASHINGTON, D.C. — A diverse set of stakeholders has called on the Organizations for Economic Cooperation and Development to mandate public disclosures of key tax information for multinational corporations.
36 NGOs sent a joint letter to the OECD regarding its ongoing consultation on tax standards in support of the Global Reporting Initiative Tax Standards.
Investors representing over $847 billion in assets under management sent a joint letter to the OECD regarding its ongoing consultation on tax standards in support of CbCR protocols.
33 members of Congress sent a letter to the OECD supporting implementation of Country-by-Country Reporting rules in the OECD tax transparency guidelines. The full letter can be read below or downloaded here. ____________________ Download Letter as PDF March 6, 2020 Mr. Angel GurríaSecretary-General, OECD2, rue Andre Pascal75016 ParisFrance RE: Public Consultation: Review of Country-by-Country Reporting (BEPS …
Several small business groups sent a joint letter to the OECD regarding its ongoing consultation on tax standards in support of increased global tax transparency.
