Country-by-Country Reporting

[3] The OECD initiative led to a growing number of national and internationals proposals built around Country-by-Country Reporting requirements.

[4] Country-by-Country Reporting is expected to challenge the administrative capacity of the finance departments of companies subjected to the disclosure requirements.

The responsibility remains with individual countries to require the public disclosure of information regarding the subject MNEs' tax structuring.

The scope of public reporting on national profits was reduced from the initial proposal to only include European countries and certain jurisdictions considered as tax havens, the list of which seems incomplete, as for example Bermuda is excluded.

[11] Oxfam expressed concerns in respect of the companies to which the disclosure requirements apply, as only the largest MNEs would fall under the public Country-by-Country Reporting rules.