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New Reporting Requirements for Multinational Corporations
Author(s) -
Strobel Caroline D.
Publication year - 2016
Publication title -
journal of corporate accounting and finance
Language(s) - English
Resource type - Journals
eISSN - 1097-0053
pISSN - 1044-8136
DOI - 10.1002/jcaf.22251
Subject(s) - base erosion and profit shifting , multinational corporation , transfer pricing , taxable income , business , accounting , column (typography) , profit (economics) , industrial organization , finance , economics , engineering , tax avoidance , telecommunications , double taxation , microeconomics , frame (networking)
This column has covered the study commissioned by the Organization for Economic Cooperation and Development (OECD) to look at changes that needed to be made in transfer pricing to better determine the taxable income that multinational businesses should be required to report in each country in which they do business. This column reported the recommendations (base erosion and profit shifting [BEPS]) that were made after the study was completed. The OECD adopted the recommendations that were made and the United States is now working to bring U.S. reporting requirements into alignment with new OECD recommendations. © 2017 Wiley Periodicals, Inc.