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THE WORLD BANK GROUP ARCHIVES PUBLIC DISCLOSURE AUTHORIZEDFolder Title:Clause Country Files Nicaragua Correspondence Volume 1Folder ID:1775038Series:Country Filenames:07/10/1981 10/05/1984Subfonds:Records
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Clausen country files refer to documentation that multinational enterprises must prepare to disclose details about their global operations and the allocation of income and tax across different jurisdictions.
Multinational corporations with operations in multiple countries and that meet certain revenue thresholds are required to file clausen country files.
Filling out clausen country files typically involves gathering financial and operational information from various jurisdictions, and then populating standardized templates that provide details about the entities involved, income earned, taxes paid, and the nature of business activities.
The purpose of clausen country files is to enhance transparency regarding the financial activities of multinational companies, enabling governments to ensure fair taxation and compliance with international tax laws.
Clausen country files must report information including, but not limited to, the entities in the multinational group, their organizational structure, financial statements, tax positions, and the business activities performed in each jurisdiction.
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