Jane Rolfe and Mardi Heinrich explain what HR professionals need to know about Country by Country reporting.
Country by Country (CbC) reporting is not just about corporate income tax and transfer pricing. The Organisation for Economic Co-operation and Development (OECD) Base Erosion Profit Shifting (BEPS) Action 13 focuses on the global value chain of an organisation and requires reporting of the number of employees in each country.
Accordingly, Human Resources (HR) and mobility professionals need to be brought into discussions on CbC reporting. The decisions made regarding employee reporting may have knock on effects for years to come.
The main things you need to know:
KPMG’s team of professionals is well placed to assist in making sense of the CbC requirements and how to respond to them.
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