The U.S. IRS has published early release draft versions of the forms to be used for U.S. Country-by-Country (CbC) reporting purposes. The U.S. CbC reporting requirements apply for fiscal years beginning on or after 30 June 2016 for MNE groups with consolidated group revenue of USD 850 million or more in the previous year ({News-2016-06-30/A/2- previous coverage}). The draft forms include:

• For…