During an event held in Washington D.C. on 23 February 2016 on the effects of the OECD BEPS Project, House Tax Policy Subcommittee Chair Charles W. Boustany Jr. R-LA stated that he hopes a bill introduced in December 2015 restricting the exchange of Country-by-Country (CbC) reports would pass in 2016. The bill (H.R. 4297) includes the requirement that the U.S. Treasury suspend the exchange of CbC reports with a jurisdiction if it is determined that the jurisdiction is:
- Abusing Master File do…