Country-by-Country Reporting: How Restricted Access Exacerbates Global Inequalities in Taxing Rights

16 Pages Posted: 1 Apr 2017

See all articles by Andres Knobel

Andres Knobel

Tax Justice Network

Alex Cobham

Tax Justice Network

Date Written: December 8, 2016

Abstract

Fully public country-by-country reporting would enable a dramatic shift in the accountability of both multinationals and tax jurisdictions. Estimates of the losses due to tax avoidance imply that lower-income countries would benefit disproportionately, as this transparency would offer powerful leverage against the current, highly unequal global distribution of taxing rights over multinationals. The OECD’s welcome adoption of the Tax Justice Network’s original proposal is, however, critically undermined by the decision to impose multiple limits on access to the data. This paper explores these limits, and demonstrates how the resulting unequal access is likely to exacerbate, rather than ameliorate that inequality in taxing rights. A range of proposals is put forward for progressive steps by various actors, including multinationals themselves.

Keywords: country by country reporting, CBCR, automatic exchange of information, tax avoidance

Suggested Citation

Knobel, Andres and Cobham, Alex, Country-by-Country Reporting: How Restricted Access Exacerbates Global Inequalities in Taxing Rights (December 8, 2016). Available at SSRN: https://ssrn.com/abstract=2943978 or http://dx.doi.org/10.2139/ssrn.2943978

Andres Knobel (Contact Author)

Tax Justice Network ( email )

Argentina

Alex Cobham

Tax Justice Network ( email )

38 Stanley Avenue
Chesham, Bucks HP5 2JG
United Kingdom

HOME PAGE: http://taxjustice.net

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