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Russian and Indonesian taxpayers fear automatic sharing of CbC information

January 31, 2017

Salman Shaheen TPW



Five more jurisdictions signed up to the OECD’s tax co-operation agreement to enable the automatic sharing of country-by-country information. But among taxpayers in the largest of these economies, advisers report concerns.

Russia, Indonesia, Gabon, Malta and Mauritius signed the Multilateral Competent Authority Agreement for Country-by-Country Reporting at a ceremony held during the second meeting of the Inclusive Framework on BEPS on January 26-27. With Lithuania joining the Agreement in October last year and Hungary joining in December, the total number of signatories now stands at 57.

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