Public country by country reporting is an accounting practice designed to expose multinational corporations that are shifting profit into tax havens for the purpose of paying less tax than they should.
Public country by country reporting requires multinational corporations to publish how much profit and cost they build up in each country they operate, giving tax authorities and the public a full picture of multinational corporations’ financial accounts, and making it easy to see when corporations are cooking the books to pay less tax than they should.
Learn more about country by country reporting here.