The European Union and Australia are mandating reports that will publicly disclose their country-by-country tax payments. Multinationals, including major US companies fear the data revealed may be used against them or misconstrued.
Some tax practitioners are using this as an opportunity to help provide guidance to clients navigating taxes while trying to anticipate any future complications. Simultaneously, Tax practitioners are also concerned that the data may be misinterpreted by individuals lacking familiarity with tax law.
In this Bloomberg Tax article, Jayde Thompson and Dan Peters share their perspectives on this matter and its potential impact.
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