Revised Australian Public CbC Reporting - TEI Comments

On March 5, 2024, TEI filed comments with the Australian Treasury regarding the Australian government's revised Exposure Draft proposing to require certain multinational corporations with operations in Australia to make public country-by-country reporting information. TEI's comments addressed the inconsistency of the data Australia would require to be published with other country-by-country data, the need for flexibility in how companies prepare the data to be published, and the need to protect competitively sensitive data, among other things. TEI's comments were prepared under the aegis of its Asia and EMEA Direct Tax Committees. Benjamin R. Shreck, TEI Tax Counsel, coordinated the preparation of TEI's comments.

Read the comments here.