TEI Comments Again on Proposed Australian Public CbC Reporting

On July 21, TEI submitted a second set of comments to the Australian Senate Standing Committees on Economics regarding a proposal to require public disclosure of certain country-by-country (CbC) reporting information. The Institute’s comments expressed concern about the extraterritorial scope of the proposal, the inconsistency of the required disclosure with the CbC information reported under BEPS Action 13, and the lack of safeguards for commercially sensitive information. Read TEI’s comments here.