Tax & Accounting Blog

U.S. Publishes Final CbC Regulations in the Federal Register

U.S. Publishes Final CbC Regulations in the Federal Register

On June 29, 2016, the U.S. Internal Revenue Service (IRS) and Treasury issued final country-by-country (CbC) regulations that will apply to U.S. persons that are the ultimate parent entities of a multinational enterprise (MNE) group that has annual revenue for the preceding annual accounting period of $850,000,000 or more. See OECD Read More