The CbC reporting parent must publish general information, such as the names of entities in the group and a description of the group’s approach to tax. [...] Instead, we use the average size and the middle 50% of values (interquartile range provided by the OECD) of the Australian subgroup as proxies to estimate which companies might fall within the scope of the legislation. [...] In the case of the United States about half of their largemultinationals should be in the scope of Australian Public CbCR. [...] For example, 58% of profits reported by Chinesemultinationals will have to be disclosed on a country-by-country basis with the implementation of the Australian Public CbCR, 9% thanks to the EUDirective and the remaining 34%will be aggregated in a single category. [...] The scatterplot displays the weighted average of profit per employee on the y-axis and the effective tax rate (based on tax accrued) on the x-axis for all jurisdictions available in the data.
Related Organizations
- Pages
- 28
- Published in
- France
Table of Contents
- Introduction 4
- A puzzle of CbCR requirements 4
- New Australian Public CbCR requirement 5
- Comparison with other CbCR regimes 7
- How will Australian Public CbCRs change the transparency landscape? 10
- Which multinationals will be affected? 10
- How much information will be disclosed? 13
- How does the Australian CbCR compare to voluntary disclosures? 16
- Bringing transparency a step forward 18
- Conclusion 20
- Changes to the original law 22
- List of disclosed countries 23
- Taxplorer 25
- Transparency score 26
- Methodology to calculate the Transparency Score 26
- Variants of transparency score calculation 26
- Estimates of variables and geographical disaggregation 26
