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GBC CBR REGULATIONS REQUIRED ALCOHOL AND DRUG TESTING FOR SCHOOL BUS DRIVERS I.REGULATION OVERVIEW: This regulation establishes the guidelines, procedures, and circumstances for mandatory alcohol
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gbccb stands for Global Base Erosion and Profit Shifting Country-By-Country Reporting. It is a framework developed by the Organisation for Economic Co-operation and Development (OECD) to enhance transparency in multinational companies' tax practices.
Multinational companies with annual consolidated group revenue of at least 750 million euros are required to file gbccb.
To fill out gbccb, multinational companies need to provide detailed information on their global allocation of income, taxes paid, and other key indicators of economic activity in each country they operate in. This information should be reported in a standardized format as specified by the OECD guidelines.
The purpose of gbccb is to prevent base erosion and profit shifting, which refers to tax planning strategies used by some multinational companies to exploit gaps and mismatches in tax rules to artificially shift profits to low or no-tax jurisdictions.
On gbccb, multinational companies must report the amount of revenue, profit or loss, income tax paid, stated capital, accumulated earnings, tangible assets, number of employees, and other relevant indicators for each country they have a presence in.
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