Country-by-country tax reporting
Country-by-country tax reporting has become a direct compliance variable for Trade and Geopolitical Risk teams, not just a tax department concern. The Organisation for Economic Co-operation and Development's Pillar Two framework and the U.S. Internal Revenue Service's Form 8975 requirements are forcing multinationals to expose jurisdictional profit allocation in ways that intersect with sanctions exposure, transfer pricing scrutiny, and supply chain restructuring decisions. Compliance officers are currently mapping entity-level revenue data against restricted-jurisdiction lists before annual filing windows close.
Watch
- OECD Pillar Two GloBE rules: local implementation deadlines vary sharply by jurisdiction
- IRS Form 8975 Schedule A filings flagging operations in sanctioned or high-risk jurisdictions
- EU Public CbCR Directive: disclosure obligations live for in-scope firms since June 2024
- Divergence between U.S. and APAC CbCR formats creating dual-filing reconciliation pressure
Recent material activity in Trade & Geopolitical Risk
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