what is the benefit of CBCR

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Accepted Answer

CBCR helps increase transparency and reduce tax avoidance by requiring multinational companies to report their profits and taxes paid in each country they operate in.

CBCR allows tax authorities to identify potential transfer pricing issues and take appropriate action
It helps prevent base erosion and profit shifting by ensuring that profits are taxed where economic activities take place
CBCR can also help developing countries to better understand the tax contributions of multinational companies operating within their borders
It promotes fair competition by ensuring that all companies pay their fair share of taxes
CBCR can also improve corporate accountability and reputation by increasing transparency
Examples of countries that have implemented CBCR include the UK, France, and Australia

what is the benefit of CBCR

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