On March 5, 2020, Tax Executives Institute, Inc. (TEI), filed comments with the Organisation for Economic Co-Operation and Development (OECD) regarding its public consultation document entitled Review of Country-by-Country Reporting (BEPS Action 13). TEI’s generally commented that there was no present need for the country-by-country report to be revised to require disclosure of additional information, given the costs imposed on taxpayers of such additional disclosure and that tax authorities have not had the chance to fully utilize the country-by-country data they already have on hand. TEI also responded to the 43 individual question posed by the OECD in the consultation document.
TEI’s comments were prepared under the aegis of its European Direct Tax Committee, whose chair is Kris Bodson. Benjamin R. Shreck, TEI Tax Counsel, assisted in preparation of the Institute’s comments.