A critical battle is currently being waged in the international tax policy arena over the implementation of country by country reporting, a reporting process that deters and detects tax avoidance by multinational companies, among other things, by requiring companies to provide a global picture of their activities, structures and the taxes that they pay. While country by country reporting would have been quickly written off just a few years ago, the practice is now widely accepted as necessary for the healthy functioning of economies. On the backfoot, some actors pushing to make the implementation of country by country reporting as toothless as possible are now claiming “confidentiality” concerns. But do their concerns have any merit or are they just crying wolf?
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