The major change of interest relates to the XML Schema mechanism released by the OECD for the exchange of country by country information between tax administrations. This exchange of information (and how it will be deployed) has continued to be one of the main concerns multinational groups have about post-BEPS transfer pricing compliance obligations. On 12 April, the European Commission (EC) set out a proposal to obligate companies in the EU with consolidated turnover of €750m to report country by country (CbC) information on their own company websites and on a public business registry.
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