cbc reporting and transfer pricing documentation
CBC reporting refers to the practice of multinational enterprises (MNEs) providing information regarding their global allocation of income, taxes paid, and certain economic activities to tax authorities. It helps tax authorities assess and mitigate risks of base erosion and profit shifting. Transfer pricing documentation refers to the comprehensive set of documents that MNEs are required to maintain, supporting the prices they set for transactions between related parties. It helps ensure that these prices are in line with market conditions, preventing potential tax avoidance by manipulating prices for cross-border transactions.
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Related Concepts (1)
Similar Concepts
- business process documentation
- country-by-country reporting (cbcr)
- cross-border investment tax issues
- cross-border tax disputes
- export documentation and paperwork
- financial reporting
- financial reporting and analysis
- tax information exchange agreements
- tax reporting
- tax transparency and disclosure measures
- tax transparency and disclosure reforms
- taxation of cross-border transactions
- transfer pricing
- transfer pricing manipulation
- transfer pricing regulations