On 22 January 2016, the Jersey government launched a public consultation on the implementation of Country-by-Country (CbC) reporting requirements based on Action 13 of the OECD BEPS Project. The main aspects of the proposed CbC reporting requirements are as follows:
- The reporting requirement would apply in Jersey for fiscal years starting on or after 1 January 2017;
- The reporting threshold would be consolidated group revenue of GBP 586 million in the preceding year;
- Constituent entities in J…