The Australian Treasury has launched a public consultation on a new draft law containing measures for the introduction of new requirements for the publication of selected tax information on a Country-by-Country (CbC) basis, i.e., public CbC reporting. Some of the key points of the requirements are summarized as follows:
Entities Covered by the Requirements
The requirement to publish selected tax information applies to entities that are a CbC reporting parent within the meaning provided by…