The United States is a member of the Organization 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.