tag:blogger.com,1999:blog-6398232680738279469.post6369760580776316355..comments2024-03-12T07:30:17.846-07:00Comments on The Tax Times: IRS Issues Proposed Country-by-Country Reporting Rules!Ronald A. Marini, Esq.http://www.blogger.com/profile/14304486100168506240noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-6398232680738279469.post-31775081393867287132016-01-22T06:46:44.656-08:002016-01-22T06:46:44.656-08:00According to Bloomberg BNA - The Treasury Departme...According to Bloomberg BNA - The Treasury Department is exploring whether to give U.S. multinational companies the option to file country-by-country reports with the IRS in 2016 even though the IRS's reporting requirement doesn't apply to most taxpayers until after Jan. 1, 2017, an official says. Robert Stack, deputy assistant secretary for international tax affairs with Treasury, says the department has been approached by companies that would like to be able to make an election to file country-by-country reports in 2016 to safeguard against local jurisdictions requesting them directly. <br />Ronald A. Marini, Esq.https://www.blogger.com/profile/14304486100168506240noreply@blogger.comtag:blogger.com,1999:blog-6398232680738279469.post-2151315895695587302016-01-15T09:39:22.680-08:002016-01-15T09:39:22.680-08:00According to Bloomberg BNA - The Treasury Departme...According to Bloomberg BNA - The Treasury Department says it is "exploring discussions" with foreign jurisdictions to ease any administrative hassles or privacy concerns due to a one-year delay in the implementation of U.S. country-by-country reporting requirements. <br /><br />"We are fully aware of the issue and are exploring discussions with other countries, among other avenues, to assure that country-by-country gets off to a smooth start for everyone—companies and tax administrations alike," a Treasury spokesman tells Bloomberg BNA. <br /><br />Ronald A. Marini, Esq.https://www.blogger.com/profile/14304486100168506240noreply@blogger.com