U.S. Official Says No Exchange of CbC Reports with Countries that Make Information Public In Response to EU Plans

During a recent tax policy conference organized by the Irish Tax Institute in Dublin, Ireland, U.S. Treasury Deputy Assistant Secretary Robert Stack said that the U.S. would have the right to stop exchanges of Country-by-Country (CbC) reports with countries that choose to make the information public. The comments reportedly followed an announcement from the European Commission that a proposal for the public disclosure of CbC reporting information would be finalized in April 2016. This public …