Country-by-Country Tax Transparency (Paperback) (ISBN-13: 9783384223937)

Country-by-country (CbC) tax transparency sheds light on the global tax practices of multinational corporations (MNCs). MNCs report financial data for each country they operate in, revealing details like profits, taxes paid, and employee numbers. This transparency aims to: - Reduce tax avoidance: By exposing profit shifting strategies, CbC helps ensure MNCs pay taxes where they're truly earned, potentially generating more tax revenue for countries. - Improve public accountability: Citizens can see how much tax revenue MNCs contribute to their countries, fostering better understanding of corporate tax practices. - Inform tax policy: Data from CbC reports can guide governments in crafting fairer and more effective tax laws, potentially leveling the playing field for domestic businesses.

Author: Shalini
ISBN-10: 3384223934
ISBN-13: 9783384223937
Publisher: Tredition Gmbh
Language: English
Published: 05/09/2024
Pages: 194
Format: Paperback
Weight: 0.64lbs
Size: 9.00h x 6.00w x 0.45d