Country by country reporting exposure draft: KPMG’s submission

In the submission to Treasury, KPMG makes eight recommendations which aim to further enhance alignment with global rules, reduce compliance costs, and foster a global standard for tax transparency reporting.

Our submission emphasises the necessity of global consistency in tax transparency reporting. While the revised exposure draft (ED) aligns with European Union (EU) and Organisation for Economic Cooperation and Development (OECD) standards to a commendable extent, further coordination is required to prevent unnecessary compliance burdens and ensure uniformity across jurisdictions. See related article: Revised country by country draft legislation for multinationals released   We recognis...

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Authors: Alia Lum, Tim Keeling,

Published Date: 06 March 2024