On 2 March 2016, Treasury Deputy Assistant Secretary Robert Stack stated that Treasury is planning to issue final Country-by-Country (CbC) reporting regulations by 30 June 2016. If issued on that date, U.S. based MNE groups will need to file CbC reports in the U.S. for tax years beginning on or after 1 July 2016 if annual group revenue in the previous year meets the reporting threshold. The proposed regulations issued in December 2015 include a threshold of USD 850 million ({News-2015-12-23/P/2- previous coverage}). Since the U.S. CbC reporting regulations will not apply from 1 January 2016 as recommended by the...