OECD Releases Additional Guidance on CbC Reporting

On 30 November 2017, the OECD announced an update to its guidance on the implementation of Country-by-Country (CbC) reporting. The update includes additional guidance on how to report amounts taken from financial statements prepared using fair value accounting; how to treat a negative figure for accumulated earnings in Table 1; how to treat mergers/acquisitions/de-mergers; how to treat short a…
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