The OECD, as mandated by the G8 and the G20, is designing a common template for the reporting of high level global information to tax authorities on a country-by-country basis, focusing on the global allocation of income, economic activity and taxes paid. This was discussed at the OECD’s public consultation on transfer pricing matters on 12–13 November, including the types of information (e.g. profit before tax, cash tax paid, number of employees, turnover and salary costs) that might be included. The OECD’s deadline for the template is September 2014, with implementation for businesses thereafter.
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