| Author (Corporate) | Organisation for Economic Co-operation and Development (OECD) |
|---|---|
| Series Title | Press Release |
| Series Details | 27.01.16 |
| Publication Date | 27/01/2016 |
| Content Type | News |
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As part of continuing efforts to boost transparency by multinational enterprises (MNEs), 31 countries signed on the 27 January 2016 the Multilateral Competent Authority Agreement (MCAA) for the automatic exchange of Country-by-Country reports. The signing ceremony marked an important milestone towards implementation of the OECD/G20 BEPS Project and a significant increase in cross-border cooperation on tax matters. The OECD/G20 BEPS Project set out 15 key actions to reform the international tax framework and ensure that profits are reported where economic activities are carried out and value created. BEPS is of major significance for developing countries due to their heavy reliance on corporate income tax, particularly from MNEs. |
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| Source Link | Link to Main Source http://www.oecd.org/tax/a-boost-to-transparency-in-international-tax-matters-31-countries-sign-tax-co-operation-agreement.htm |
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| Subject Categories | Business and Industry, Taxation |
| Countries / Regions | Europe |
