USCIB’s Carol Doran Klein spoke to Bloomberg BNA about the surrogate filing option of the country-by-country reporting template, recommended by the OECD’s action plan on base erosion and profit shifting (BEPS).
Tax experts cited the challenges created by differences in timing in the implementation of the country-by-country reporting requirements, part of the OECD’s plan to combat tax avoidance. Klein expressed skepticism about U.S. multinationals filing their country-by-country reporting in the UK.
Read the full Bloomberg BNA article. (Paywall)