With the mandatory filing and automatic exchange of CbC reports that has been implemented by a number of countries, most MNEs have filed CbC reports with 2016 data and will file 2017 data before the end of this year. CbC Reporting is intended to provide increased transparency to tax authorities by providing a breakdown of where a MNE recognizes revenues and profits, the taxes paid on such profits, and certain other economic data such as tangible assets and headcount. Such CbC reports will be used by tax authorities to perform tax risk assessments based on the OECD Handbook on risk assessment and will likely lead to increased tax audits and controversy.
We address this concern in our latest webinar (a part of the TPA Global’s knowledge sharing initiative of 2018) where we will not be the only ones presenting. Along with us our partner Palantir, a software provider with a web-based CbCR and entity management solution, will tell and show you their software solution. Together we will not only present the automated software solution that ensures appropriate and timely filing of CbC reports, but we will also focus on risk analysis together with the challenges to be kept in mind that emanate from an automated exchange of CbC reports between tax authorities from multiple countries. Next to this TPA will be pleased to present the newly developed SUITE 2020, showing the platform to the world for the very first time.
TPA Global has been conducting value chain analyses for over 10 years. With over 1000 professionals trained in value chain analyses, TPA Global is one of the world leaders in offering industry-specific value chain solutions!