Legislators from several jurisdictions taking part in the recent Global Tax Transparency Summit held in the UK have signed a so-called concordat on greater transparency for the international tax system. The concordat, which is an open letter to governments, includes a call for public Country-by-Country reporting. In particular, the concordat states:
"The OECD BEPS project and the EU Commission 'country-by-country reporting' initiative will lay the foundations of a modern international tax fr…