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COLLECTIVE BARGAINING AGREEMENTBETWEENINTERNATIONAL ALLIANCE OF THEATRICAL STAGE EMPLOYEES, MOVING PICTURE TECHNICIANS, ARTISTS, AND ALLIED CRAFTS OF THE UNITED STATES, ITS TERRITORIES, AND CANADA,
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CLC stands for Country-by-Country Reporting (CbCR) and its local refers to the reporting requirements at the local level.
Multinational enterprises with a consolidated group revenue exceeding a certain threshold are required to file CLC and its local.
CLC and its local can be filled out electronically through the designated tax authority's online portal.
The purpose of CLC and its local is to provide tax authorities with information about the global allocation of the multinational enterprise’s income and taxes paid.
Information such as revenue, profits, taxes paid, employees, and assets must be reported on CLC and its local.
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