The Jersey government has lodged draft regulations for the introducing of Country-by-Country (CbC) reporting requirements. The draft regulations are generally based on the UK CbC reporting regulations with some differences. The key aspects of the regulations include: The reporting requirement will apply in Jersey for accounting periods starting on or after 1 January 2016; The reporting threshold will be consolidated group revenue of EUR 750 million in the previous 12-month accounting period (or equivalent in another currency using the average exchange rate for the period); A Jersey entity that is the ultimate parent of the group must file the CbC...