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U.S. Congressmen Reiterate Concerns with Treasury's Plans to Implement CbC Reporting

31 August 2015

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Proposed Changes

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United States

In a recent letter to U.S. Secretary of the Treasury Jack Lew, Senate Finance Committee Chairman Orrin Hatch R-UT and House Ways & Means Committee Chairman Paul Ryan R-WI reiterated their concerns with the implementation of country-by-country reporting requirements, and asked that Treasury consider the results of a GAO analysis of the BEPS project before moving forward ({News-2015-07-20/P/2- previous coverage}). See below for the text of the letter, dated 27 August 2015. --- Dear Secretary Lew: The Treasury Department released its 2015-2016 Priority Guidance Plan (Plan) on July 31, 2015, identifying 277 projects that Treasury and the Internal Revenue Service...