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EAST DIVISION C B/C W N October 2015 EAST DIVISION SAFETY FAIR 2015 Saturday, October 10, 2015 10:00 AM to 4:00 PM At Handley Fest Planned Events Include Crime Prevention Exhibits Gruff Appearances
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c b c w stands for Country-by-Country Report, which is a new requirement as part of the Base Erosion and Profit Shifting (BEPS) Project initiated by the OECD.
Multinational enterprises (MNEs) with annual consolidated group revenue exceeding a certain threshold are required to file c b c w.
c b c w must be filled out according to the guidelines provided by the local tax authorities or in accordance with the OECD's template.
The purpose of c b c w is to provide tax authorities with information about the global allocation of the MNE's income, taxes paid, and other indicators of economic activity.
c b c w requires reporting of revenues, profits, taxes paid, employees, and assets in each tax jurisdiction where the MNE operates.
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