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Brady, Practitioners Spar Over Country-by-Country Reporting

The Treasury Department doesn't have the authority to require country-by-country reporting for U.S. multinationals to share employee, revenue and tax data with foreign countries, Rep. Kevin Brady (R-Texas) said.
Brady, a senior member of the House Ways and Means Committee, said Congress has the authority to approve—or reject—the disclosure program that is a tenet of the Organization for Economic Cooperation and Development's base erosion and profit shifting project that seeks to increase transparency between companies and tax authorities.
For the DTR story, go here. (subscription required)

By Davison, Laura , posted on Tuesday September 22, 2015
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