The United States is a member of the Organisation for Economic Co-operation and Development (OECD). The OECD recommended country-by-country reporting requirements to address base erosion and profit shifting. The United States issued regulations to require country-by-country reporting by U.S. multinational enterprises (MNEs).
U.S. multinational enterprises
U.S. MNEs have to report certain financial information on a country-by-country basis. The country-by-country report will be exchanged under bilateral competent authority arrangements negotiated between the U.S. Competent Authority and foreign tax administrations.
Get more information about the implementation of transfer pricing documentation and country-by-country reporting from the Organisation for Economic Co-operation and Development