EXCLUSIVE: OECD’s Saint-Amans discusses EC push to force MNEs to publish CbCR data on their websites

International Tax Review is part of Legal Benchmarking Limited, 4 Bouverie Street, London, EC4Y 8AX

Copyright © Legal Benchmarking Limited and its affiliated companies 2025

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

EXCLUSIVE: OECD’s Saint-Amans discusses EC push to force MNEs to publish CbCR data on their websites

Pascal St-Amans

The European Commission’s crackdown on EU and foreign multinationals includes a plan to force MNEs operating in Europe to publish detailed country-by-country tax reports on their company websites – including financial data from offshore subsidiaries.

pascal-photo-jpega.jpg

The latest proposal, outlined on Tuesday after a week of pressure following the release of the Panama Papers, puts European Commissioners at loggerheads with the OECD, which does not advocate public disclosure of CbCR.

Pascal Saint-Amans, OECD director of tax policy and administration, spoke exclusively TP Week in an interview on Tuesday:

  •  “The agreement reached by the OECD along with the 44 other countries is that the reporting should go from one tax administration to another tax administration. The EU wants to go further and what we noticed is that the publicity in the reports will be limited to the transactions that occur within the EU and not beyond because all the other transactions will be grouped into one line which will be interesting, I’m not sure how much usefulness they will have from that. I don’t know how useful this will be but it will depend on how the EU plans to propose it.”

  • “It’s not the largely public CbCR for everybody and it’s limited to the EU, it goes beyond the agreement from the OECD, but in a sense that is not too contradictory of what was agreed at the OECD.”

  • “To the extent that it is limited to transaction occurring within the EU I’m not sure it’s that big of a deal. Not too concerned is maybe the right assessment.”

  • On whether this is unilateral action away from BEPS: “I’m pretty sure some countries like the US will think so."

more across site & shared bottom lb ros

More from across our site

The plan aims to improve the efficiency, transparency, and effectiveness of direct tax administration in India
Meanwhile, South Africa’s finance minister has accepted a court decision on suspending a VAT increase and US President Donald Trump mulls a 100% tariff on foreign films
Jaime Carey speaks about the benefits of his tax background, DEI values, the use of AI for a smarter legal practice, and other priorities that will define his presidency
Historically low levels of attrition over consecutive years made a ‘difficult decision’ necessary, PwC has reportedly said
WTS Global is also vetting new potential member firms in Algeria, Cote D’Ivoire and Benin, Kelly Mgbor tells ITR in an exclusive interview
The scope of qualifying pillar two tax credits could reportedly be broadened; in other news, hundreds of IRS appeals staff are to resign
For many taxpayers, the prospect of long-term certainty that a bilateral APA offers can override concerns about time, cost and confidentiality
Levine, who served under the Joe Biden administration, led the US’s negotiations on the OECD’s two-pillar solution
The deal to acquire ITR's parent company is expected to complete by the end of May 2025
JBS, the biggest meat company in the world, allegedly used Luxembourgian ‘mailbox companies’ to avoid taxes between 2019 and 2022
Gift this article