Discover and read the best of Twitter Threads about #cbcr
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The third edition of our flagship CIT publication, Corporate Tax Statistics, is out today – huge congratulations to the team who put this together. Some highlights in a thread: 1/
First, the decline in statutory CIT rates continues, albeit at a slightly more modest pace last year. It's particularly acute when considering zero-tax jurisdictions. 
In spite of these declining rates, CIT revenues are broadly holding up (NB this is pre-pandemic)
This is quite something. The French government's position on the EU move to public country by country reporting for multinational companies, a key measure to curb profit shifting abuses, appears to have been captured entirely by... the business lobby.
The French government's two-pager on its negotiating position - its critical demands - has been leaked. According to the scoop in @Contexte, the metadata of the pdf reveal the hand not of diplomats or ministers, but of a senior employee of MEDEF - the French business lobby group.
This revelation gives us two things: first, we can look at the position that MEDEF has convinced the French government to take up, and see the priorities of the lobbyists; and second, we can understand a bit more the wider French government position on tax, including at the OECD.
El Consejo de la UE (es decir los estados, no "Bruselas") lleva años bloqueando un paquete legislativo que permitiría saber la tributación de las multinacionales país por país. Yo he firmado por la transparencia #JusticiaFiscal chng.it/DJnY9Z2k vía @ernesturtasun
Este paquete legislativo, #CbCR (country-by-country reporting) obligaría a multinacionales que facturen >750M€ a hacer público en cada país UE donde operen:
-facturación
-beneficio antes y después de impuestos
-factura fiscal
-masa laboral
-ganancias retenidas
-activos tangibles
-facturación
-beneficio antes y después de impuestos
-factura fiscal
-masa laboral
-ganancias retenidas
-activos tangibles
Esta información es crucial para saber si se está produciendo erosión de la base imponible y traslado de beneficios (#BEPS, base erosion and profit shifting); es decir, si lestán eludiendo o evadiendo impuestos, y es una de las prioridades de la OCDE oecd.org/tax/beps/count…
