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Bobby Final Kathy H. Albert C O l : NOR SL :C RJ T. RY State of 'Louisianans Department of Health and Hospitals Office of the Secretary VIA ELECTRONIC MAIL ONLY May 23, 2014, Bill Brooks Associate
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C O L L stands for Country-by-Country reporting. It is a reporting requirement for multinational enterprises to provide information on their global allocation of income, taxes paid, and other indicators of economic activity.
Multinational enterprises with annual consolidated group revenue exceeding a certain threshold are required to file C O L L.
C O L L is typically filled out using specific reporting templates provided by tax authorities. The information must be reported accurately and in accordance with international standards.
The purpose of C O L L is to enhance transparency in international tax matters and help tax authorities assess transfer pricing and base erosion and profit shifting risks.
C O L L requires multinational enterprises to report on their income, taxes paid, number of employees, and other indicators of economic activity on a country-by-country basis.
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