Last Friday, March 6, the Financial Transparency Coalition together with other civil society organisations, submitted a joint response to OECD.

A letter was submitted to respond to the OECD public consultation document on the 2020 Review of Country-by-Country Reporting (BEPS Action 13). The submission letter was signed by:

• Centre national de coopération au développement (CNCD-11.11.11)
• Church Action for Tax Justice
• Comité Catholique Contre la Faim et pour le Développement – Terre Solidaire (CCFD-Terre Solidaire)
• Diakonia
• Ekvilib Institute
• European Network on Debt and Development (Eurodad)
• Fair Tax Mark
• Financial Transparency Coalition
• Finnwatch ry
• Oxfam International
• Professor Richard Murphy
• Tax Justice Netherlands
• Tax Justice Network
• Tax Justice UK
• WEED – World Economy, Ecology & Development

In the letter, the organisations welcome the public consultation on the country by country reporting (CBCR), as it is introduced by BEPS Action 13. The organisations also point out that the existing system should evolve to public country by country reporting. Unlike the current system of automatic exchange of country by country reports, public country by country reporting would ensure that all governments have access to the information. Furthermore, it would provide citizens, parliamentarians, journalists and civil society organisations with information which is important when it comes to assessing the effectiveness and fairness of the corporate tax system.

Please click here to read the full Submission letter OECD consultation on CBCR

For more information on the OECD 2020 Review of Country-by-Country Reporting (BEPS Action 13 Minimun Stantard) click here