Multinational companies may soon have to declare their finances country-by-country after the Organisation for Economic Co-operation and Development declared its support for such a scheme.
Companies will have to declare what their earnings, revenues and taxes are in each individual country they operate in if the International Accounting Standards Boards (IASB) answers calls like the OECD’s. The OECD, essentially a giant international trade organisation representing the 30 richest nations from around the world, says it will publish guidelines on country-by-country…
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