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INSIDE: INDEPTH COVERAGE FROM AARHUS 2019APRIL 4, 2019 | 3.95WORLD CROSS Obiri creates history as Denmark delivers an amazing eventJOSHUAS JOYCheptegei doesnt falter this timeGREAT AVERY Kate leads
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World Cross is an international reporting framework that requires entities to disclose certain cross-border transactions and related information to ensure tax compliance and prevent tax evasion.
Entities that engage in cross-border transactions that meet certain thresholds or conditions as set by tax authorities are required to file World Cross.
To fill out World Cross, entities must provide detailed information about their cross-border transactions, including the nature of the transactions, parties involved, amounts, and other relevant data as specified in the guidance from tax authorities.
The purpose of World Cross is to enhance transparency in cross-border transactions, facilitate tax compliance, and combat tax avoidance and evasion through better reporting of international activities.
The information that must be reported on World Cross includes transaction details, the identities of the parties involved, financial amounts, and explanations of the commercial rationale for the transactions.
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