IRS Sees Potential Problems with Surrogate Filings

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)

Staff Contact:   Carol Doran Klein

VP and International Tax Counsel
Tel: 202.682.7376

Carol Doran Klein manages USCIB’s Taxation Committee and represents member views on key tax policies and initiatives to the U.S. government and to various international forums. She also serves as vice chair on the executive bureau of the BIAC Tax Committee, where she represents the views of U.S. business. As vice chair she participates in meetings with senior OECD secretariat officials and members of the OECD’s Committee on Fiscal Affairs.
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