The Organisation for Economic Cooperation and Development (OECD) has developed an Action Plan called “Base Erosion and Profit Shifting (BEPS) Action Plan 13”.
This is to ensure that a multinational enterprise would report its profit correctly where it is earned.
The Base Erosion and Profit Shifting (BEPS) Action 13 report provides a template for multinational enterprises (MNEs) to report annually and for each tax jurisdiction.
This report is called the Country-by-Country (CbC) Report.
CBC contains,
Aggregated country-by-country information relating to the global allocation of income, the taxes paid, and certain other indicators of a multi-national company.
A list of all the constituent entities of the multi-national company operating in a particular jurisdiction and the nature of the main business activity of each constituent entity.