The US and Mexico have agreed to exchange country-by-country tax reports on multinational firms, implementing 2015 OECD/G20 base erosion profit shifting (BEPS) plan agreements, US Treasury has announced.
The reports are designed to help tax administrations identify which multinationals operating in their country may be avoiding tax through transfer pricing or other means.
The Mexican-US agreement a will simplify tax reporting burdens for US-headquartered and Mexico-headquartered multinationals.
Be the first to comment